08-L HMAC Street Overlay Award - Laserfiche WebLink

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Bid Bond SURETY DEPARTMENT Conforms with the American Institute of Architects, A.I.A Documents No. A-310 KNOW ALL MEN BY THESE PRESENTS. That we, APAC-TEXAS, INC., BUSTER PAVING DIVISION as Principal herinafter called the Principal, and LIBERTY MUTUAL INSURANCE COMPANY a corporation created and existing under the laws of the State of _MASSACHUSETTS whose principal office is in BOSTON as Surety, hereinafter called the Surety, are held and firmly bound unto CITY OF PARIS as Ob[igee. hereina~ar called thc Obl/gee, in the sum of FIVE PERCENT OF THE GREATEST AMOUNT BID for the payment of which sum, well and truly to be made, the said Principal and the said Sur ~- ~' ?o[lars, ($ 5% GAB ) administrators, successors and assigns, jointly and severally, firmly by these presents ety, oma ourselves, our heirs, executors, Whereas, thc Principal has submitted a bid for 2001 CITY STREET HMAC OVERLAY PROGRAM NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and thc Principal shall enter into a contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds ~ 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 Obligce 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 full force and effect in Signed and sealed this 3P'v day of JULY r ~2001 APAC-Tf~..A.S INC.~ BUSTER PAVING DIVISION (SEAL) LIBERTY MUTUAL INSURANCE COMPANY (Surety) By JF~,~II~R ' -: -- ' Attorney-in-fact (SEAL)