2004-018B - Laserfiche WebLink

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BID BOND KNOW ALL MEN BY THESE PRESENTS , that we as Principal, and as Surety, a corporation duly organized under the Laws of the State of Florida with its principal offices in the City of and authorized to do business in the State of Florida are held and firmly bound unto INDIAN RIVER COUNTY hereinafter called the OWNER in the penal sum of Dollars ($ ) lawful money of the United States , amounting to 5 % of the total bid price, for the payment of which sum well and truly be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents . The condition of this obligation is such that whereas the Principal has submitted the accompanying bid dated , 2003 for the construction of MITIGATION REEF PROJECT - SHORELINE SECTORS 1 & 2 (AMBERSAND BEACH) NOW, THEREFORE, if the Principal shall not withdraw said bid within the period of time set forth in the contract documents, and shall within ten ( 10) calendar days after the prescribed forms are presented to him for signature enter into a written contract with the OWNER in accordance with the bid as accepted, and if the Principal shall give the required bonds with good and sufficient sureties for the faithful performance and proper fulfillment of such contract and for the protection of laborers and material men, or in the event of the withdrawal of said bid within the periods specified, or the failure to enter into said contract, and give such bonds within the time specified, if the Principal shall within sixty (60) days after request by the OWNER pay to the OWNER the difference between the amount specified in said bid and the amount for which the OWNER may procure the required work if the latter amount be in excess of the former, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue. It is further agreed that if the OWNER is required to initiate legal proceedings to recover on this bond, it may also recover its costs relating thereto including a reasonable amount for attorneys' fees . IN WITNESS WHEREOF, the above-bounded parties have executed this instrument under their several seals this day of , 2003 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body. WITNESSES (if individual) PRINCIPAL By Title : BID BOND BB- 1