2025-032-E-AMS-Harrod and Assoc. Constructors-Harrod and Assoc. Constructors-OC Architectural Projects

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AIA Document A701 2018. Copyright ' 1970, 1974, 1978, 1987, 1997 and 2018. All rights reserved. The American Institute of Architects, American Institute of Architects, AIA, the AIA Logo, and AIA Contract Documents are trademarks of The American Institute of Architects. This draft was produced at 14:05:13 ET on 07/31/2024 under Order No.4104251442 which expires on 03/25/2025, is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documentsﬁ Terms of Service. To report copyright violations, e-mail docinfo@aiacontracts.com. User Notes: (1700874539) 7 ARTICLE 7 PERFORMANCE BOND AND PAYMENT BOND § 7.1 Bond Requirements § 7.1.1 If stipulated in the Bidding Documents, the Bidder shall furnish bonds covering the faithful performance of the Contract and payment of all obligations arising thereunder. § 7.1.2 If the furnishing of such bonds is stipulated in the Bidding Documents, the cost shall be included in the Bid. If the furnishing of such bonds is required after receipt of bids and before execution of the Contract, the cost of such bonds shall be added to the Bid in determining the Contract Sum. § 7.1.3 The Bidder shall provide surety bonds from a company or companies lawfully authorized to issue surety bonds in the jurisdiction where the Project is located. § 7.1.4 Unless otherwise indicated below, the Penal Sum of the Payment and Performance Bonds shall be the amount of the Contract Sum. (If Payment or Performance Bonds are to be in an amount other than 100% of the Contract Sum, indicate the dollar amount or percentage of the Contract Sum.) « » § 7.2 Time of Delivery and Form of Bonds § 7.2.1 The Bidder shall deliver the required bonds to the Owner not later than three days following the date of execution of the Contract. If the Work is to commence sooner in response to a letter of intent, the Bidder shall, prior to commencement of the Work, submit evidence satisfactory to the Owner that such bonds will be furnished and delivered in accordance with this Section 7.2.1. § 7.2.2 Unless otherwise provided, the bonds shall be written on AIA Document A312, Performance Bond and Payment Bond. § 7.2.3 The bonds shall be dated on or after the date of the Contract. § 7.2.4 The Bidder shall require the attorney-in-fact who executes the required bonds on behalf of the surety to affix to the bond a certified and current copy of the power of attorney. ARTICLE 8 ENUMERATION OF THE PROPOSED CONTRACT DOCUMENTS § 8.1 Copies of the proposed Contract Documents have been made available to the Bidder and consist of the following documents: .1 AIA Document A1012017, Standard Form of Agreement Between Owner and Contractor, unless otherwise stated below. (Insert the complete AIA Document number, including year, and Document title.) « » .2 AIA Document A1012017, Exhibit A, Insurance and Bonds, unless otherwise stated below. (Insert the complete AIA Document number, including year, and Document title.) « » .3 AIA Document A2012017, General Conditions of the Contract for Construction, unless otherwise stated below. (Insert the complete AIA Document number, including year, and Document title.) « » .4 Building Information Modeling Exhibit, if completed: « » Docusign Envelope ID: 52FACC74-DA96-491B-B0B8-04AC3961737D