ZVERESN Document A310™ -2010
Bid Bond
CONTRACTOR: SURETY:
(Name, legal status and address) (Name, legal status and principal place of business)
D.L. King & Associates, Inc. Everest Reinsurance Company
27 Tanglewood Drive 461 5" Avenue
Nashua, NH 03062 New York, NY 10017
OWNER: This document has important legal consequences.
Consultation with an attorney is encouraged with respect to
City of rile Caen and address) its completion or modification.
229 Main Street Any singular reference to Contractor, Surety, Owner or other
Nashua. NH 03061 party shall be considered plural where applicable.
BOND AMOUNT: 5% of bid amount
PROJECT:
(Name, location or address, and Project number if any)
City Hall, 229 Main Street, NH Renovations: RFP0285-081820
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 material 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 notice 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 is
that this Bond shall be construed as a statutory bond and not as a common law bond.
Signed and sealed this 31st day of
Varia i P oY L ( be D.L. King & Associates, Inc.
(Witness) went ] (Principal) > SI (Seal)
Aad 7
KJ \ (Title)
nies ba) fa. Everest Reinsurance Company
(Witness) (/ \ (Surety) (Seal)
EE be Me AF
(Title) Stephen P. Gill, Attorney-in-Fact
AIA Document A310™ -2010. Copyright © 1963, 1970 and 2010 by The American Institute of Architects. Alll rights reserved. Page 1 of 2
