SIEMENS INDUSTRY, INC. - 2018 - Laserfiche WebLink

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Document A314TM -2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal gimes and address) Siemens Industry Inc, 9220 Bee Cave Road, Building 0, Suite 101 Austin, TX 78733 OWNER: (Name, legal sramt and address) ally of Santa Ane 20 Civic Center Plaza Santa Ana, CA 92701 Bond Number: 70434433•LIO.17.30 SURETY: (Name legal ,status and prim-lpal plare g(business) Liberty Mutual Insurance Company 175 Berkeley Street Boston, MA 02118 Stale of Inc: Massachusetts BOND AMOUNT: Five Percent ofAmount Sid (S°%) This document has Important legal consequences, Consultation with an attorney is encouraged with respect to Its completion or modification. Any singular tolerance to Contractor, Surely, Owner or other party shall be considered plural where applicable. PROJECT: (Name, loemian or address, and Projectnumben ifany) CIIyWIde Street Light Upgrade Lighting design, fixture piloting, procurement services and Installation of 7800 cobra head fixture$ RFP 0.078 The Contractor and Surety are bound to the Owner in the amount not 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 the bid of the Contractor within the tittle specified In the bid documents, or within such time period us 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 g'Ivas such hand or bonds as may be specified in the bidding or Contract Documents, with a surely admitted In the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of laborand material furnished In ilia prdsecution thereof; or (2) pays to the Owner the dlffcrence, not to excited the amount of this Bond, between the amount apeclfled In said bid and such larger amount for which the Owner may in good faith contract with another party to peribrm the work covered by sold bid, then this obligation shall be null and void. otherwise to remain in full force and effact: The Surely hereby waives any notice of an agreement between the Owner and Contractor to extend ilia 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 the 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 it subcontractor's bid to it Contractor, the term Contractor In this Bondshall be deemed to he Suhcontmclor and the term Ownerehall be deemed to be Conrmctnr- When this Bond lids been rumishod to comply with a statutory or other legal requiremcntio the location of the Project, any provision In this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall he deemed Incorporated herein. When Ilia rurnished, the intent is Ihni this Bond shall be construed as a statutory bond and not as a common law bond, Signed and sealed this 21st day or August , 2017 {Wltrrass RBsS DebrnC,'Sc neider Siemens Induslry Inc, }