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THE AMERICAN INSTITUTE OF ARCHITECTS AIA Document A310 Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we Sagaris Corp. (Here insert full name and address or legal title of Contractor) 1847 N.University Drive,Coral Springs,FL 33071 as Principal, hereinafter called the Principal, and (Here insert full name and address or legal title of Surety) The Ohio Casualty Insurance Company 62 Maple Avenue,Keene,NH 03431 a corporation duly organized under the laws of the State of NH as Surety, hereinafter called the Surety, are held and firmly bound unto City of Sunny Isles Beach (Here insert full name and address or legal title of Owner) 18070 Collins Ave.,Sunny Isles Beach,FL 33161 as Obligee, hereinafter called the Obligee, in the sum of Five Percent of the Bid Amount Dollars($ 5.00% 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 (Here insert full name,address and description of project) Bus Shelter Relocation and Refurbishing-Request for Proposals No. 18-11-02 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 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 thi day of December 2018 . Sagaris el . ' (Principal)/ c)1010't /�(Seal)A411101 (Witness) I /o40d_/1 ,(,��l!y„ pt1 JV (Title) The Ohio Casualty Insurance Company (Surety) (Seal) (12164*(Witness) C st c Morton Attorney-in-Fact Licensed Resident Agent State of FL Inquiries:(407)834-0022 AIA DOCUMENT A310.BID BOND.AIA 0.FEBRUARY 1970 ED.THE AMERICAN INSTITUTE OF ARCHITECTS,1735 N.Y.AVE.,N.W.,WASHINGTON,D.C. 20006 1