2003-348.C - Laserfiche WebLink

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' SECTION 00430 = Bid Bond KNOW ALL MEN BY THESE PRESENTS , that we (BIDDER'S NAME) Barth Construction, Inc. as Principal , and Western Surety Company ' (SURETY'S NAME ) a corporation duly organized under the Laws of the State of Florida as a Surety with its principal offices in the City of Sioux Falls, South Dakota 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 #4r Zy TY- S9il> W At*40 F.a•� Dollars ($ '"14 '100 �� ) , 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 . Whereas said Principal is herewith submitting a Bid dated August 20th , 2003 for the construction of: ' Project Name : KITCHING STATION TRAILHEAD County Project Number: 0219 Project Address : 945095 T11 STREET ( NORTH COUNTY PARK) SEBASTIAN , FLORIDA 32958 Project Description : REPLICA TRAIN STATION , PARKING LOT, WALKING TRAIL rNOW THERFORE, the condition of the above obligation is such that if the Principal does not withdraw said Bid within the period of time set foi-th in the Bid Documents, and on or before the fifteenth day after the Notice of Award, the Principal enters into a written contract with the OWNER in accordance with the Bid as accepted, and if the Principal gives 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 materialmen, then this obligation shall be null and void . Otherwise, the Principal and Surety, jointly and severally, shall on or before the sixtieth day after request by the OWNER, pay to the OWNER in money, 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 is greater than the former, together with any expense and reasonable attorney fees, including appellate proceedings, incurred by the OWNER if suit is brought hereon, but in no event shall Surety' s liability exceed the penal sum hereof plus such expenses and attorney ' s fees . ' IN WITNESS WHEREOF, the above-bound parties have executed this instrument under their several seals this 20th day of August , 20 03 , 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. 0219-00430 - Bid Bond 00430 - 1 FAEngineering\Capital Projects\0219-Kitching Station Tratlhead\0219 Kitching-Contract Docs\0219-00430 - Bid Bond.doc Rev. 05/01