Init.
§8 ATA Document A310TM - 2010
Bid Bond
CONTRACTOR: SURETY.
(Name, legai status and address) (Name, legal status and principai
ELECTRIC LIGHT COMPANY. INC. place of business)
One Morgan Way ALLEGHENY CASUALTY COMPANY
AGENCY: P.O. Box 511 This document has anportant tegal
Concord, NH 03302-0511 consequences Consultation with
* an attomey is encouraged with
Cape Neddick, ME 03902
OWNER.
(Name, legal status and address) respect to its compilation or
CITY OF NASHUA, PURCHASING DEPARTMENT modification
229 Main Street Any singular reference to
Nashua, NH 03060 Contractor, Surety, Owner or
other party shalt be considered
BOND AMOUNT: FIVE PERCENT OF AMOUNT BID (5% OF AMOUNT BID) "
plural where applicable
PROJECT
(Name, location or address, and Project number, if any)
TRAFFIC SIGNAL IMPROVEMENTS - DANIEL WEBSTER HIGHWAY AT GRAHAM DRIVE,
NASHUA, NH
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 the 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 the Owner, for the faithful performance of such Contract
and for the prompt payment of labor and materia! furnished in the prosecution thereof; or (2) pays to the Owner the
difference, not to exceed the 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 full force and effect. The Surety hereby waives any natice 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 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 a subcontractor’s 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 herefrom and
provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so
furnished, the intent ig that this Bond shall be construed as a statutory bond and not as a common law bond.
day of December, 2016
Ke wr) (fret alle
(iWitnesk) Lynn Frechette
CAUTION: You should sign an original AIA Contract Document, on which this text appears in RED. An original sssuros that
changes will not be obscured.
AIA Document A340TM ~ 2010, Copyright © 1963. 1970 and 2010 by The American institute of Architects, All rights reserved. WARNING: This AIA”
Document is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AlA® Document, of any
portion of tt, may result In severe civil and criminal penattics, and will be pr d to the possible under the low. Purchasers
are permitted to reproduce ten (10) copies of this document when completed To report copyright violations of ALA Contract Documents. e-mail
copyratighau. ora,
The American institute of Architects’ legal counsel. SOpyr
Waste
