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~E (;INCINNATI INSURANCE COMPANY ` <br />' . CINCINNATI, OHIO <br />- _ Bid Bond <br />KNOW ALL MEN BY THESE PRESENTS that vve <br />,pommy .Lawrence Electrical Contractors,. <br />' as Principal, hereinafter called the Principal, and THE CINCINNATI INSURANCE COMPANY, a corporation duty <br />organized under the laws of the State of Ohio, as Surety, hereinafter called the Surety, are held and firmly bound unto <br /> <br /> <br /> <br />as Obligee, hereinafter called the Obligee, in the sum of 5$ of Submitted Bid <br />Two hundred eighty thousand six hundred <br />eighteen and no/100--=---------------------------------------------- Dollars (S 280,618.00 j, <br />for the payment ofwhich sum well and truly to be made, the said Principal and the, said Surety, bind ourselves, our heirs, <br />executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for Smith Middle School/Efland-Cheek <br />County of Orange <br />132 East King St, <br />Hillsborough, N_.C. 27278 <br /> <br />' .NOW, THEREFORE, if the Obligee shall accept the bid of the Principal. and the Principal shall enter into a Contract <br />with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding <br />or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt <br />payment of labor and material furnished in the prosecution thereof, or in the event .of the failure of the Principal to enter <br />' such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty <br />hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract <br />with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain <br />' in full force and effect. <br />Signed and sealed this 1 6 day of May . 1~ 2005 <br />' (Witness) <br />' fitness) y <br />r <br />.Printed in coaperafion with the filrnerican Institute of d6rchitects (AIA), by The Cincinnati Insurance Company who vouches <br />that the language in this document .conforms exactly to #he.language used in AIA Document A310, February 1970 ED. <br />' S-2(300-AIA (10/32) P1;IBLIC ,. <br />