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THE AMERICAN INSTITUTE OF ARCHITECTS 0 `AtA 111111 AIA Document A310 BID BOND KNOW ALL MEN BY THESE PRESENTS, that we SHIFF CONSTRUCTION & DEVELOPMENT, INC. as Principal, hereinafter called the Principal, and WESTFIELD INSURANCE COMPANY a corporation duly organized under the laws of the State of-OHIO as Surety, hereinafter called the Surety, are held and firmly pound unto CITY OF SUNNY ISLES BEACH, FL. as Obligee, hereinafter called the Obligee, in the sum of 5% OF AMT. BID Dollars($ 5% ), for the payment of which sum well and truly to be made, the said Principal and the 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 GATEWAY PARK CENTER, ITB-19-01 -01 -0-219/mb (:) 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 bunds, 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 shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 7tyilay of MARCH 201 9 - _ SHIFF CONS :UCTION ..Seal) _A:74:j) • (Witness) President JU N S F • WESTFIELD INSURANCE COMPANY 2.447/1 - (Witness) ATTORNEY IN FACT & AGENT. • ARTHUR K. BRODER Printed in cooperation with the American Institute of-Architects(AIA)by CANFBD.CANF&D vouches that the language In this document conforms exactly to the language used in"AW•Document A310 Bid Bond-AIA, February 1970 ED-THE AMERICAN INSTITUTE OF ARCHITECTS,1735 NEW YORK AVE.,N.W..WASHINGTON,D.C. 20006.