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Executed in 1 Counterparts '�I .. Document A310TM -2010 Bid Band CONTRACTOR: SURETY: Philadelphia Indemnity Insurance Company (ilraine, legal status and address) (Alaiim legal staltis andprincipal place One Bala Plaza, Suite 100 De La Hoz Builders, Inc. of business) Bala Cynwyd, PA 19004-0950 1 N. Orange St. This document has important legal Fellsmere, FL 32948 consequences. Consultation with OWNER: an attorney Is encouraged with (Nacre, legal slaters aped address) respect to its completion or Indian River County modification. 1800 27th Street Any singular reference to Vero Beach, FL 32960 Contractor, Surety, Owner or BOND AMOUNT:(5% ) Five Percent of Amount Bid other party shall be considered plural where applicable. PROJECT: Maine. location or acidness, and Protect number, iffn►il) Bid No.2022026, JACKIE ROBINSON TRAINING COMPLEX TICKET OFFICE BUILDING RENOVATIONS, Indian River County, Florida The Contractor and Surety are bound to the Owner in the amount set forth above, for tile payment of which the Contractor and Surety bind themselves, their heirs, e-Nectitors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bored are such that if the Owner accepts the bili of the Contractor within the time specified in the bid documents, or tvithin such time period as may be agreed to by the Owner and Contractor, and tire Contractor either (1) eaters into a contract with the Owner in accordance with the terms 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 otherwise acceptabie to the Owner, for lite faithful performance of such Contract and for lite prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to (lie Owner 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 (lith contract with another party to perform rile work covered by said bid, then this obligation shall be null and void, otherwise to refrain in full force and effect. 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 of notice by tileSuretyshall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor, When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project;; any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted lierefront alb` provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein, When so furnished, the intent is that this Bond shalt be construed as a statutory bond and not as a common law bond. Signed and sealed this 16th day of February 2022 \ De La Hoz Builders, Inc. (Principal) less) t -}t04 (Seal] p tIt iM �j�3Grflar • ('rule) Philadelphia indemnity Insurance Company (Bernet}) (Seal) (IPitcess) Gloria A. Richards (Tille) Teresa L. Durham, Attorney -In -Fact & Florida Licensed Resident Agent ' Inquiries: (47) 786-7770 CAUTION: You should sign an original AIA Contract Dotament; on which this text appeam Ill RED. Ari original assures ih.it changes will not be obscured, AIA Document A310111— 2010. Copyright®1983. 1970 and 2010by The American Institute of Archhects. All rights reserved.'n+AnNft#G: Tule Alae Init. Document is protected by U.S. CopytIght Uw;t and internatlonsi Traattes. Unauthorlaed reproduction or distrIbution of this AIA:O Document, or. any iiurtion of It, zsay result In severe civil and criminal penaities, and villi be prosecuted to the maxlrnuin extent posslhle underlhe iaty. t Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract Documents, e-mail The American institute of Architects' legal counsel, copyNttt@aia.org. osttia