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11 - Agreement with Richard Drake Construction for concrete demolition & construction services
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11 - Agreement with Richard Drake Construction for concrete demolition & construction services
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Bid Bond <br />SURETY DEPARTMENT <br />Conforms with the American Institute of <br />Architects, A.I.A. Documents No. A-310 <br />KNOW ALL MEN BY THESE PRESENTS, <br />That we, Richard Drake Construction Comn L.P. as Principal hereinafter called the Principal, and Westfield Insurance <br />Company a corporation created and existing under the laws of the State of Ohio ww -r whose principal office is in Westfield <br />Center OH as Surety, hereinafter called the Surety, are held and firmly bound unto C111 of Paris as Obligee, hereinafter called <br />the Obligee, <br />in the sum of Five Percent of the Greatest Amount Bid, Dollars (5% GAB) for the payment of which sum, well and truly to <br />be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly <br />and severally, firmly by these presents <br />Whereas, the Principal has submitted a bid for Curb/Gutter, DrivewaNA Broaches and Reinforced Concrete Sidewalks <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contract with the <br />Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or contract <br />documents with good and sufficient surety for the faithful performance of such contract and for the prompt payment of labor and <br />material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such contract and give such <br />bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount <br />specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the <br />work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect <br />Signed and sealed this 16th day of February;„ 2021 <br />Richard Drake Construction Com <br />(Principal) <br />B , (SEAL) <br />Westfield Insurance CampanRi <br />(Sty) <br />By (SEAL) <br />1oiinnry Moss, Attorney-in-fact <br />
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