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THE AMERICAN INSTITUTE OF ARCHITECTS <br />A/A Document A3 >O <br />Bid Bond <br />KNOW ALL MEN BY THESE PRESENTS, TH� Powell Constructors. Inc. <br />�I3LX�59X�AXlS'% 8555 Banana Avenue Fontana Ca 92335 <br />as Principal, hereinafter called the Principal, and Fidelity and Deposit Comoanv of Maryland <br />80'1 N. Brand Blvd. Penthouse Suite Glendale CA 9'1203 <br />a corporation duly organized under the laws of the State of MD <br />as Surety, hereinafter called the Surety, are held and firmly bound unto City of Santa Ana; Public Works Agency <br />20 Civic Center Plaza; Citv Hall -Ross Annex Santa Ana CA 9270'1 <br />as Obligee, hereinafter called the Obligee, in the sum of Ten Percent of the Total Amount of the Bid <br />Dollars ($ �0% � <br />for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, <br />executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for Project No. 06 -1723: First Street Bridge Replacement Project; <br />BH LS- 5063(0891 <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with <br />the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or <br />Contract Documents with good and sufficient surety for the faithful pertormance of such Contract and for the prompt <br />payment of labor and materials furnished in the prosecution thereof, or in the event of the failure of the Principal to enter <br />such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the <br />penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith <br />contract with another party to pertorm the Work covered by said bid, then this obligation shall be null and void, otherwise <br />to remain in full force and effect. <br />Signed and sealed this 4th <br />day of March 20'1 � <br />Susan Ponsell <br />Fideli and Depos' Compan of Ma land <br />F,� �- � �- - � (su ry�� <br />� (seem <br />la <br />AIA DOCUMENT A310 � BID BOND � AIA � FEBRUARY 1970 ED. � THE AMERIC <br />INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 <br />