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r; aw SECTION 00430 - Bid Bond KNOW ALL MEN BY THESE PRESENTS , that we Ran er Construcfon Industries Inc. (81ooEWS NAME) er and as Principal, ($URETrS NAME) a corporation duly organized under the Laws of the State of Florida as a Surety with its principal ,,. offices in the City of Baltimore. MD and authorized to de r,t « 1 � �& ;Ow 1 .. .�, _ �� Florida , are held and firmly bound unto INDIAN RIVER COUNTY (hereift11 11 iioie of OWNER) in the penal sum of (hereinafter called the Five Percent of the total bid Dollars ($ 5% of total bid lawful money of the amounting to 5% of the total bid price, for the paymerit ofwhichsum well and trolly bed ade we bind ourselves, our heirs , executors , administrators, and successors , jointly and severally, firmly by these presents. .r Whereas said Principal is herewith submitting a Bid dated Juiv 13 for the construction of: , 2005 Project Name: 41 e1 Street Roadway Improvements County Project Number. 0016 & 0236 Project Address: 41 " Street "t' Vero Beach , Florida Project Description: Roadway Improvements to 41 " Street from 613t Avenue to 3e Avenue , NOW THEREFORE, the condition of the above obligation is such that if the Principal does not withdraw said Bid within the period of time set forth in the Bid Documents, and on or before the fifteenth day after the Notice of Award, the Principle 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 Sure severally, shall on or before the sixtieth day after request by the OWNER, p ty, Jomtly and the difference between the amount specified in said Bid and the amount o�which the OWNER to the OWNER mayneY, ++� 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 WPTNESS WHEREOF, the above-bound parties have executed this instrument under their several seals this 113thday of July 2Q 05 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersi ed authority of its governing body, gn representative pursuant to r r r 00430 - 1 0016-00430 - Bid Bond FAEnpineering Cepitai Pr* dsWO16 & 023r. 41st Street hWovement$ 0016 6 0236-/1al St Cooped oom=1640430 - &d Bond doc Rpy, °501 1W