Y&M CONSTRUCTION, INC. (2013-2014 OMNIBUS CONCRETE REPLACEMENT)

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THE AMERICAN INSTITUTE'. OF ARCHITECTS AIA Pocunteltt A310 Bid Bond Bond No. 10003723 KNOW ALL MEN BY THESE PRESENTS, that we Y & M Construction, Inc. 18726 Western Ave„ Ste. 212 Gardena, CA 90248 Ii lere insert (lilt rand and adrtress of leeal line of Contractor) as Principal, hereinafter called the Principal, and American Safety Casualty Insurance Company a corporation duly organized under the laws of the State of OKLAHOMA as Surety, hereinafter called the Surety, are held and firmly bound unto City of Santa Ana 20 Civic Center Plaza Santa Ana, CA 92701 a id'e insert fell nwne,and addres ork lwie V0.,,n as Obligee, hereinafter called the obligee, in the sum of (10 %) Ten percent of the attached bid amount ( 10% of bid amount ) for the payment of which man well and truly to be made, the said Principal and the said Surety, bind ourselves, out heirs, executors, administrators, successors acrd assigns,jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Omnibus Concrete Replacement Contract, Project No. 14 -6798 mere insen Rill muse, address and desenpron of project) NOW, TI- 1@REFORG, If the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee hr 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 famished 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 shalt be null and void, otherwise to remain in fill] force and effect. Signed and sealed on September 3, 2013 (Witness) Y & M Construction Inc. (Principal) , I , (Seal) Insurance C, (Seal) 1"1111111 Andrea Tang / I Cr'itle) Stephanie Kang . Attorney-in-Fact ALA nOC@4E', I A310 BID DOND ALA V FEBRUARY 1970 ED TM- WEIUCAN INS "I'I TL1TIi OF ARC}nTECTS, 1735 N Y. AVE., N.W. WASIIlNfTON, D.C. 20006 ./ WARNING: Unlicensed photocopying violates U.S. copyright laws and is subject to legal proseca ion.