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27 <br /> BID BOND <br /> ORANGE COUNTY-LITTLE <br /> RIVER PARK RESURFACING <br /> Principal: Lanier Construction Company, Inc. <br /> Name of Principal Contractor <br /> Surety: The Ohio Casualty Insurance Company _ <br /> Name of Surety <br /> Contract Number: 367-005481 _ County: Orange <br /> Date of Bid: May 19, 2026 <br /> KNOW ALL MEN BY THESE PRESENTS, That we, the PRINCIPAL CONTRACTOR(hereafter,PRINCIPAL) <br /> and SURETY above named, are held and firmly bound unto the Department of Transportation in the full and just <br /> sum of five (5) percent of the total amount bid by the Principal for the project stated above, for the payment of <br /> which sum well and truly to be made,we bind ourselves,our heirs,executors,administrators,and successors,jointly <br /> and severally,firmly by these presents, <br /> NOW, THEREFORE, the condition of this obligation is: the Principal shall not withdraw its bid within sixty (60) <br /> days after the opening of the bids, or within such other time period as may be provided in the proposal, and if the <br /> Board of Transportation shall award a contract to the Principal, the Principal shall, within fourteen (14) calendar <br /> days after written notice of award is received by him,provide bonds with good and sufficient surety,as required for <br /> the faithful performance of the contract and for the protection of all persons supplying labor, material, and <br /> equipment for the prosecution of the work, In the event the Principal requests permission to withdraw his bid due to <br /> mistake in accordance with the provisions of Article 103-3 of the Standard Specifications for Roads and Structures, <br /> the conditions and obligations of this Bid Bond shall remain in full force and effect until the Department of <br /> Transportation makes a final determination to either allow the bid to be withdrawn or to proceed with award of the <br /> contract, In the event a determination is made to award the contract,the Principal shall have fourteen(14)calendar <br /> days to comply with the requirements set forth above. In the event the Principal withdraws its bid after bids are <br /> opened except as provided in Article 103-3, or after award of the contract has been made fails to execute such <br /> additional documents as may be required and to provide the required bonds within the time period specified above, <br /> then the amount of the bid bond shall be immediately paid to the Department of Transportation as liquidated <br /> damages. <br /> IN TESTIMONY WHEREOF,the Principal and Surety have caused these presents to be duly signed and sealed. <br /> Thisthe 19th dayof _Mair_ 20 26 <br /> The Ohio Casualty Insurance Company <br /> Surety <br /> 4I`f INs& <br /> �JA4O{lPOggr <br /> F y �,Jlzhp& <br /> o By <br /> y0 2�'aAMPg�'�da�o eneral Agent or Attorney-in-Fact Signature <br /> Seal of Surety Elizabeth D. Drum,Attorney-In-Fact <br /> Print or type Signer's Name <br /> 9 <br />