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Document A310™ – 2010 <br />Bid Bond <br />Init. <br />/ <br />AIA Document A310™ – 2010. Copyright © 1963, 1970 and 2010 by The American Institute of Architects. All rights reserved. The “American Institute of Architects,” <br />“AIA,” the AIA Logo, and “AIA Contract Documents” are registered trademarks and may not be used without permission. This document was produced by AIA <br />software at 11:23:29 ET on 05/19/2020 under Order No.0880219024 which expires on 03/25/2021, is not for resale, is licensed for one-time use only, and may only <br />be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail copyright@aia.org. <br />User Notes: (1279677296) <br />1 <br />ADDITIONS AND DELETIONS: <br />The author of this document has <br />added information needed for its <br />completion. The author may also <br />have revised the text of the original <br />AIA standard form. An Additions and <br />Deletions Report that notes added <br />information as well as revisions to the <br />standard form text is available from <br />the author and should be reviewed. A <br />vertical line in the left margin of this <br />document indicates where the author <br />has added necessary information <br />and where the author has added to or <br />deleted from the original AIA text. <br />This document has important legal <br />consequences. Consultation with an <br />attorney is encouraged with respect <br />to its completion or modification. <br />Any singular reference to Contractor, <br />Surety, Owner or other party shall be <br />considered plural where applicable. <br />CONTRACTOR: <br />(Name, legal status and address) <br />SURETY: <br />(Name, legal status and principal place <br />of business) <br /> <br /> <br /> <br /> <br />OWNER: <br />(Name, legal status and address) <br />Orange County <br />300 West Tryon Street <br />Hillsborough, NC 27278 <br />BOND AMOUNT: $ <br />PROJECT: <br />(Name, location or address, and Project number, if any) <br />Orange County DSS Skills Development Center <br />100 Europa Drive, Suite 101 <br />Chapel Hill, NC 27517 <br /> <br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the <br />payment of which the Contractor and Surety bind themselves, their heirs, executors, <br />administrators, successors and assigns, jointly and severally, as provided herein. The <br />conditions of this Bond are such that if the Owner accepts the bid of the Contractor within <br />the time specified in the bid documents, or within such time period as may be agreed to by <br />the Owner and Contractor, and the Contractor either (1) enters into a contract with the <br />Owner in accordance with the terms of such bid, and gives such bond or bonds as may be <br />specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction <br />of the Project and otherwise acceptable to the Owner, for the faithful performance of such <br />Contract and for the prompt payment of labor and material furnished in the prosecution <br />thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, <br />between the amount specified in said bid and such larger amount for which the Owner may <br />in good faith contract with another party to perform the work covered by said bid, then this <br />obligation shall be null and void, otherwise to remain in full force and effect. The Surety <br />hereby waives any notice of an agreement between the Owner and Contractor to extend the <br />time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply <br />to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance <br />of bids specified in the bid documents, and the Owner and Contractor shall obtain the <br />Surety’s consent for an extension beyond sixty (60) days. <br />If this Bond is issued in connection with a subcontractor’s bid to a Contractor, the term <br />Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be <br />deemed to be Contractor. <br />When this Bond has been furnished to comply with a statutory or other legal requirement in <br />the location of the Project, any provision in this Bond conflicting with said statutory or <br />legal requirement shall be deemed deleted herefrom and provisions conforming to such <br />statutory or other legal requirement shall be deemed incorporated herein. When so <br />DocuSign Envelope ID: ECCAC5A0-6CC8-4B37-8AD3-89D69F0AE1AE