8-IFB 26-1-24600R1 Vol 3 (4) Bid bond.pdf
PDF 308 KB Posted
- Attached to
- Alton Driver Relief Facility (Rebid)
- Solicitation number
- 26-1-24600R1
- Issued by
- Madison County, Illinois
About this file
This is a Bid Bond document (AIA Document A310-2010) issued for the Alton Driver Relief Facility project by the Madison County Mass Transit District in Alton, Illinois. The bid bond requires a surety commitment equal to five percent of the total bid price. The document establishes the contractual obligation between the contractor and surety to the owner, with the bond remaining in effect until the contractor either enters into a contract with the owner in accordance with the bid terms and provides required performance and payment bonds, or pays the owner the difference between the bid amount and any higher amount for which the owner contracts with another party, not to exceed the bond amount. The surety waives notice of any agreement extending the bid acceptance period for up to 60 days; extensions beyond 60 days require the surety's written consent.
The bond amount is set at five percent of the total bid price, with no specific dollar amount indicated in the template. The document is the standard AIA form with modifications noted through a vertical line indicator in the left margin, and it is subject to any statutory or legal requirements of the project location in Illinois. Completion and execution of the bond requires signatures from the contractor principal and the surety, along with witness signatures.
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Text version
Document A310
TM
– 2010 Bid Bond
AIA Document A310 – 2010. Copyright © 1963, 1970 and 2010. 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 document was produced at 17:28:43 CST on 11/02/2026 under Subscription No.20240070467 which expires on 10/14/2027, is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail docinfo@aiacontracts.com.
User Notes: (6ae91c8c9f0c5dc8cb5efb47)
ADDITIONS AND DELETIONS:
The author of this document may have revised the text of the original AIA standard form. An Additions and Deletions Report that notes revisions to the standard form text is available from the author and should be reviewed. A vertical line in the left margin of this document indicates where the author has added to or deleted from the original AIA text.
This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification.
Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable.
CONTRACTOR:
(Name, legal status and address)
SURETY:
(Name, legal status and principal place of business)
OWNER:
(Name, legal status and address) Madison County Mass Transit District 1 Transit Way Pontoon Beach, IL 62040
BOND AMOUNT: $ Five Percent of the Total Bid Price (5%)
BOND NUMBER: _____________
PROJECT:
(Name, location or address, and Project number, if any) Alton Driver Relief Facility Alton, Illinois No. 26-1-24600R1
The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner 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. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety’s consent for an extension beyond sixty
(60) days.
If this Bond is issued in connection with a subcontractor’s bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
AIA Document A310 – 2010. Copyright © 1963, 1970 and 2010. 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 document was produced at 17:28:43 CST on 11/02/2026 under Subscription No.20240070467 which expires on 10/14/2027, is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms of Service. To report copyright violations, e-mail docinfo@aiacontracts.com.
User Notes: (6ae91c8c9f0c5dc8cb5efb47)
When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond.
Signed and sealed this day of , Click here to enter text.\ s1\
CONTRACTOR AS PRINCIPAL (Signature)
BY:
(Printed name and title)
Witness Signature
(Witness)
Click here to enter text.\ s2\
SURETY (Signature)
BY:
(Printed name and title)
Witness Signature
(Witness)
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