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FROM FAX NO. : 305 2339373 Apr. 10 2002 03:19PM P7 <br />SECTION 00432 <br />BID BOND <br />STATE OF FLORIDA <br />COUNTY OF DADE <br />BOND #CC24154 <br />KNOW ALL MEN BY THESE PRESENTS, that we, B & A Construction Services Group, Inc. <br />s Puncipal, and Cumberla <br />5rrrrl bou d rite the City of Sunny Isles Beach, a municipal corporation of the State of Florida ua the syum of Sixty Five 'I)" alsand are held <br />��-�" —` -- Dollars (s _65, 000.00 ---. <br />, lawful money of the United States, for the <br />ayment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors <br />nritly and severally, firmly by these presents, <br />THE CONDITION OF THIS OBLIGATION IS SUCH that whemm the Principal has submitted the <br />)rtpanying Bid, dated 20 <br />Landsca e Im rovements S.R. A -1 -A Collins Avenue <br />Proposa U2-U3-01 <br />Ht FLEAS, it was a condition precedent to the submission of said Bid that a cashier's check or Bid Bond in the amount <br />CCave percent (5 %) of the Base Bid be submitted with said Bid as a guarantee that the BIDDER would, if awarded the <br />ontract, enter into a written Contract with the City for the performance of said Contract, within ten (10) consecutive <br />�Jandar days after written notice having been given of the Award of the Contract <br />�101V 01V THEREFORE, the conditions of this obligation are such that if the Principal within ten (10) consecutive calendar <br />ays after written notice of such acceptance, enters into a written Contract with the City of Sunny wes Beach and <br />fwalshas the Performance and Payment Bonds, satisfactory to the City, each in an amount equal to one hundred percent <br />(100 %) of the Contract Price, and provides all required Certificates of Insurance, then this obligation shall be void; <br />otherwise the sum herein stated shall be due and payable to the Ciry of Sunny Isles Beach and the Surety herein agrees <br />m pay said sum immediately, upon demand of the City, in good and lawful money of the United States of America, as <br />liquidated damages for failure thereof of said Principal. <br />00432- 1 <br />