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HomeMy WebLinkAboutBid Bond• • THE AMERICAN INSTITUTE OF ARCHITECTS A1A Dacumenr A3I0 Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we Weekley Asphalt Paving, Inc., 20701 Stirling Road, Pembroke Pines, FL 33332 as Principal, hereinafter called the Principal, and Western Surety Company 2405 Lucien Way, Suite 130, Maitland, FL 32751 a corporation duly organized under the laws of the State of South Dakota as Surety, hereinafter called the Surety, are held and firmly bound unto Broward County Board of Commissioners Purchasing Division, RM 212 115 South Andrews Avenue, Fort Lauderdale, FL 33301 as Obligee, hereinafter called the Obligee, in the sum of Five percent of the bid amount. Dollars ($**5% of Bid**) 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 severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Broward County / Miscellaneous Construction (Non -Sheltered Market) 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 material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give Fuch bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified is 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, otherwito remain in full force and effect. Signed and sealed this Francys Ricone 21st Western Sure March 2006 tte) Richard Arcadio Rod guez, Attorney -in -Fact and Florida Licensed Resident Agent (Se;tt) III AIA DOCUMENT A310 • BID BOND . AlA ® • FEBRUARY 1970 ED • THE AMERICAN INSTUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 Approved by: Risk Management Dote:WaTor i,,4p Dote: