HomeMy WebLinkAboutBid BondTHE AMERICAN INSTITUTE OF ARCHITECTS
AIA Document A310
Bid Bond
KNOW ALL MEN BY THESE PRESENTS, that we
IHere insert full name and address or legal title of Contraclor)
as Principal, hereinafter called the Principal, and
(Here insert fujl name and address or legal title of Surety)
a corporation duly organized under the laws of the State of
as Surety, hereinafter called the Surety, are held and firmly bound unto
IHere inserl full name and addres~ or legal title of Owner)
as Obligee, hereinafter called the Obligee, in the sum of
Dollars ($ ),
for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind
ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by
these presents.
WHEREAS, the Principal has submitted a bid for
NOW, THEREFORE, if the Obligee shall accept the bid of the R'incipel and the Principal shall enter into a Contract
with the Obligee in 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 furnished in the prosecution thereof, or in the ~vent of the failure of the Principal to enter
such Contract and give such bond or bonds, if the Principal shall pay to the Obli$~e the difference not to exceed Ihe penalty
hereof between the amount specified in said bid and such larger amount for which the Obligee may in 8oDd 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 full force and effect.
Signed and sealed this
day of 19
(Witness)
(Principal) (Seal)
(Tide)
(Sure~y) (Seal)
(Witness)
(Title)
AIA DOCUMENT AJ10 · BID BOND · AIA ~ · FEBRUARY 1970 ED · THE AMERICAN
INSTITUTE OF ARCHITECTS, 173S N.Y. AVE., N.W., WASHINGTON, D.C. 20006
WARNING: Unlicensed photocopying vlolate~ U.S. copyrigM lawa and Is sul~ect to legal prosecution.