CORNER KEYSTONE CONSTRUCTION CORP.

Home Browse Search

r Bid Band CONTRACTOR: (Name. l(gal doper and aWroxi) Comer Keystone Construction Corp, 340 S. Lemon Ave, Suite 5210 Walnut, CA 91789 OWNER; (Name, legal slater and addnu) City of Santa Ana 20 Civic Center Plaza Santa Ana, CA 92701 Bid Bond Number: CSBA-16147 SURETY: (Name, legal halm and pdndpal plare of bminexr) The Oldo Casualty Insurance Company 790 The City Drive South, Suite 200 Orange, CA 92868 BOND AMOUNT: Ten Percent (10%) of Amount Bid PROJECT: Coiling Tiles and Light Replacement at City of Santa Ana's Main Library This document has important legal consequences. Consultation with An attorney is encouraged with respect its completion or modification. Any singular reference to Contractor, Surety, Owner or other parry shall be considered Project Number, if any: The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are such that if the Owner accepts die bid of the Contractor within the time specified In the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to die Owner, for the faithful performance of such Contract and for die prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to the Owner the difference, not to exceed die amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner 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 frill force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in die aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractors bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted here from and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and sealed this 1l1h_day of lama. 20212021 (Pnizerpoo (Stan (darner) 1!'o"") Melissa Ann Vaccaro By arrangement with the American Institute of Architects, the National Association of Surety Bond 4 Producers (NASSP) (www.nasbo.ore) makes this form document available to its members, affiliates, and associates in Microsoft Word format for use In the regular course of surety business. NASBP vouches that t the original text of this document conforms exactly to the text In ALA Document A310-2010, Bid Bond. Subsequent modifications may be made to the original text of this document by users, so careful review of Its wording and consultation with an attorney are encouraged before its completion, execution or acceptance.