2021-207A - Laserfiche WebLink

Home Browse Search

Document A310TM-2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Mann, legal sYa/ae and addi e c) (Xanre, legal staArs and principal place r f bialness) Ferreira Construction Southern Division Co., Inberkshire Hathaway Specialty Insurance Company 1314 Douglas Street, Suite 1400 Omaha, NE 68102-1944 This document has Important 13000 SE Flora Avenue Mailing Address for Notices legal consequences. Consultation with an attorney Is encouraged Hobe Sound, FL 33455 1314 Dcuglas Street, Suite 1400 with respect to Its completion or OWNER: Omaha, NE 68102-1944 modification. (Xaire, legal status and adding) Any singular reference to Indian River County Board of County Commissioners Contractor, Surety, Owner or other party shall be considered 1800 27th Street plural where applicable. Vero Beach, FL 32960 BOND AMOUNT: $ Five Percent Of The Total Amount Bid (5%) PROJECT: (,4'aans, location or address and Project number, Van ) ITB -2022007-0-2022/DL, 66th Avenue & 8th Street Signalization Improvements The Contractor and Surety are bound to the Owncr in the amount set forth above, for the payment of which Ilia Contractor and Surety bind themscives, their heirs, executors, administrators, Successors and assigns, jointly and severally, as provided heroin. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within ilia tints specified in the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the temps of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and other iso acceptable to the Owner, for ilia faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the aunount of this Bond, between the annount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to periimn the work covered by Said bid, then this obligation ~hall he null and void, otherwise to remain in lidl Brae and eil'ec1. Ilia Surety hereby melees any notice ul'at agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver ol'nolice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time li>r acceptance ul'bids specified in the bid documents, and the Owner and Contractor shall obtuin the Surety's consent lair an extension beyond sixty (60) days. If this Band is issued in connection with a subcontractor's bid to a Contractor, ilia term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shalt be decnncd to be Contractor. When this Bond hus been furnished to comply %villi a statutory or other legal requirement in the location of the project, any provision in this Bond conflicting %vilh said stuttrtory or legal requirement shall he deemed deleted herefrom and provisions coniiumin$ 6i such .statutory or other legal requirement shall be deemed incorporated herein. When so furnished, lila intent is that this Dond shall b0 construed as a statutory bund and not as a common law bond. ,n/F `�S`;, c" Signed and scaled this 17th day of November, 2021 /� �, o Ferreira Construction. Southern Division Co., Inc. tari cl al) (Seal) On (Title) /rtr. Berkshire Hathaway Specialty Insurance Company, fSrrret}j (.Seal), ° °° �4 OVI( (lri/ e) stat ravato / ►� �' v .' (Title) Marisol Mojica Attorney -In -Fact ` y S•0054/AS 8/10 "'"r