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Bid Bond CONTRACTOR: ('Vrvue, legal skrlus and addrecr) OHL USA, Inc. 9675 N.W. 117th Avenue Document A310 TM -2010 Conforms with The American institute of Architects AIA Document 310 SURETY: (Ximie, legal s plus raid princlpal place r fburine ) Liberty Mutual Insurance Company 175 Berkeley Street Boston, MA 02116 Mailing Address for Notices Miami, FL 33178 175 Berkeley Street OWNER: Boston, MA 02116 (;''ante, legal status and address) Indian River County Purchasing Division 1800 27th Street Vero Beach, FL 32960 BOND AMOUNT' $ Five Percent Of The Total Amount Bid (5%j PROJECT: (Same, location or addresx and Project miniber ff attt% This document has Important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. County Project No. IRC -1638, Bid No. 2022008; 6th Avenue Milling & Resurfacing From U.S. 1/S.R. 5 to 21st Street The Contractor and Surety are bound to the O%encr in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond arc such that if the Owncr accepts the bid of the Contractor within the time specified in the bid documents, or within such time period as may be agreed to by the Owwmer and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as n%ny be specified in die bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and othenAse acceptable to the O%vncr, for the faithful perfonuanec of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof: cr (2) pays to the O%vner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlimn the work covered by said bid, then lids obligation shall be hull and void, otherwise to remain in full lorce and ellect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver iii'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond (lie time Ibr acceptance of bids spea7lied in the bid documents, and the Oivmer and Contractor shall obtain the Surety's consent fin an extension beyond sixty (60) days. If this Bond is issued in connection will% a subcontractor's bid to a Contractor, the tem% Contractor in this Bond shall be deemed to be Subcontractor and ilia term O%encr shall be deemed to be Contractor. When this Bond has been furnished to comply %with a statutory or other legal requirement in the locution of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefmm mid provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so I'umished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and seated this 10th day of November, 2021 (I1'lrness) 14Z (IFitr andy S. James -Browne rj':i� �j��11! • Attorney- S-0054/AS 8/10