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  2. Finance Committee - Agenda - 6/3/2020 - P43

Finance Committee - Agenda - 6/3/2020 - P43

By dnadmin on Mon, 11/07/2022 - 13:29
Document Date
Fri, 05/29/2020 - 15:04
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 06/03/2020 - 00:00
Page Number
43
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__060320…

BID BOND

Conforms with The American Institute of
Architects, ALLA. Document No. A-310

KNOW ALL BY THESE PRESENTS, That we, Sealcoating inc. DBA indus
825 Granite Street, Braintree, Massachusetts 02184

as Principal, hereinafter called the Principal,

andthe Fidelity and Deposit Company of Viaryland ;
of 100 High Street - Suite 1400, Boston, MA 02440 ; & corporation duly organized under
the laws of the State of Winois , a8 Surety, hereinafter called the Surety, are held and firmly bound unto

City of Nashua. NH as Obligee, hereinafter called the Obligee,

inthesumof 5% of Bid Amount

Doliars(¢ 5% of Bid Amount ) , 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 Contract #1FB0265-040320 2020 Pavement Preservation Program

NOW, THEREFORE, if the Obligee shall accept the bid of the Principal 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 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 shail
be null and void, otherwise to remain in full force and effect.

Signed and sealed this 3rd day of April , 2020

A, Sealcoating Inc. DBA indus (Seal)
Cie Lie. { . Principal

Witness

Richard L. Goodick, Vice Presidentritle

; Fidelity and Depgsit Company of Maryland
VY Witness By WY
LY

jen ng Attomey-in-Fact

Page Image
Finance Committee - Agenda - 6/3/2020 - P43

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