Laserfiche WebLink
<br />SECTION 8 <br /> <br />BID BOND <br /> <br />STATE OF FLORIDA <br />COUNTY OF1)~ <br /> <br />) <br />) <br />) <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that we, <br />as Principal, and , <br />as Surety, are held and firmly bound unto the City of Sunny Isles Beach, a municipal <br />corporation of the State of Florida in the sum of Onl /1. J{1(ivt'd L':!J-1huJ food ct);/arJ <br />Dollars ($ J Ll) 00(). ~ ), lawful money of the United States, for the payment of which <br />sum well and lruly to be made, we bind ourselves, our heirs, executors, administrators <br />and successors jointly and severally, firmly by these presents. <br /> <br />THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has <br /> <br />submitted the accompanying Bid dated, j un ~ 'L '-( 20o;(tor: <br />10 <br /> <br />WHEREAS, it was a condition precedent to the submission of said Bid that a cashier's <br />check or Bid Bond in the amount of five percent (5%) of the Base Bid be submitted with <br />said Bid as a guarantee that the Bidder would, if awarded the Contract, enter into a <br />written Contract with the City for the performance of said Contract, within ten (10) <br />consecutive calendar days after written notice having been given of the Award of the <br />Contract. <br /> <br />NOW, THEREFORE, the conditions of this obligation are such that if the Principal within <br />ten (10) consecutive calendar days after written notice of such acceptance, enters into <br />a written Contract with the City of Sunny Isles Beach and furnishes the Performance <br />and Payment Bonds, satisfactory to the City, each in an amount equal to one hundred <br />percent (100%) of the Contract Price, and provides all required Certificates of <br />Insurance, then this obligation shall be void; otherwise the sum herein stated shall be <br />due and payable to the City of Sunny Isles Beach and the Surety herein agrees to pay <br />said sum immediately, upon demand of the City, in good and lawful money of the <br />United States of America, as liquidated damages for failure thereof of said Principal. <br /> <br />IN WITNESS WHEREOF, the above bonded parties have executed this instrument under <br />their several seals this L i{fu day of 0~ ,20..QL, the <br />name and the corporate seal of each corporate party being hereto affixed and these <br />presents being duly signed by its undersigned representative. <br /> <br />DOCUMENT CONTINUES ON NEXT PAGE <br />