HomeMy WebLinkAboutBid BondTHE AMERICAN INSTITUTE OF ARCHITECTS
AIA Document A310
Bid Bond
KNOW ALL MEN BY THESE PRESENTS, THAT WE Seldin Construction Company, Inc.
1391 Shotgun Road, Sunrise, FL 33326
as Principal, hereinafter called the Principal, and Arch Insurance Company
Liberty Plaza, 53rd Floor, New York, NY 10006
a corporation duly organized under the laws of the State of MO
as Surety, hereinafter called the Surety, are held and firmly bound unto The City of Miami
3500 Pan American Drive, Miami, FL 33133
as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Bid
Dollars ($ 5% ),
for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs,
executors, administrators, successors and assigns, jointly and severalty, firmly by these presents.
WHEREAS, the Principal has submitted a bid for Generator Replacement t Four Fire Facilities
NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with
the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or
Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt
payment of labor and materials furnished in the prosecution thereof, or in the event of the failure of the Principal to enter
such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the
penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith
contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise
to remain in full force and effect.
Signed and sealed this 28th day of
January
C—� l! L'�Seldin Construction Company, Inc. G��
(Witness)
By:
Arch Insurance
By:
Attomey-i
, 2008
(Principal) (Seal)
ompany
(Surety)
Warren M. Iter
(Title)
(Seal)
(Title)
AIA DOCUMENT A310 • BID BOND • AIA • FEBRUARY 1970 ED. • THE AMERICAN
INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D.C. 20006