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<br />I, <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />a <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />DOCUMENT 00401 <br /> <br />BID BOND <br /> <br />BIDDER (Name and Address): <br />BUDGET CONSTRUCTION CO., INC. <br />12450 N.W. South River Drive <br />Miami. FL 33178 <br /> <br />SURETY (Name and Address of Principal Place of Business): <br />Arch Insurance Company <br />One Liberty Plaza. 53rd Floor <br />New York, NY 10006 <br /> <br />OWNER (Name and Address): <br /> <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Avenue <br />Sunny Isles Beach. Florida 33160 <br /> <br />BID <br />BID DUE DATE: June 16, 2008 <br />PROJECT (Brief Description including Location): <br />Atlantic Isles Roadway & Utility Improvements <br /> <br />BOND NUMBER: N/ A <br />DATE: (Not later than Bid Due Date): June 16, 2008 <br />PENAL SUM: 5% of Amount Bid <br /> <br />IN WITNESS WHEREOF, Surety and Bidder, intending to be legally bound hereby. subject to the terms <br />printed on the reverse side hereof, do each cause this Bid Bond to be duly executed on its behalf by its <br />authorized officer, agent, or representative. <br /> <br />BIDDER <br /> <br />SURETY <br /> <br />Budget Construction Co., Inc. (Seal) <br />Bidder's Name and Corporate Seal <br /> <br /> <br />(Seal) <br /> <br />Arch <br />Surety's Na <br /> <br />By: <br /> <br /> <br />Attest: <br /> <br />By: <br /> <br />Signature and Title <br />(Attach Power of Attornev) <br />. Alee:, Attor ey rri <br /> <br /> <br />Attest: <br /> <br />Note: <br /> <br />(1) <br />(2) <br /> <br />Above addresses are to be used for giving required notice. <br />Any singular reference to Bidder, Surety, Owner or other party shall be <br />considered plural where applicable. <br /> <br />05/08 Final Version <br /> <br />00401-1 <br /> <br />05-4893 <br />