9-Bid Bond - AIA Form - A310-2010 - DRAFT.pdf
PDF 476 KB Posted
- Attached to
- Fairmont Plaza Development
- Solicitation number
- Not on record
- Issued by
- Wyoming County, Pennsylvania
About this file
This is a Bid Bond document prepared using the AIA Document A310-2010 standard form, applicable to the Fairmont Plaza Development project in Youngsville Borough, Warren County, Pennsylvania. The bid bond serves as a financial guarantee that a contractor who submits a bid will either enter into a contract based on the accepted bid or forfeit the bond amount if they fail to do so. The document establishes the binding obligation between the contractor, surety, and project owner, with the bond amount to be specified in the bid documents. The specific values for the contractor name, surety information, owner details, bond amount, and project details remain incomplete as this is marked as a draft document produced on September 24, 2024.
The bond document contains standard conditions requiring that if the owner accepts the contractor's bid, the contractor must enter into a contract and provide required performance and payment bonds with an approved surety, or pay the owner the difference between the bid amount and any higher amount the owner must pay to secure alternative contractors. The surety waives notice of extensions up to 60 days beyond the stated bid acceptance period but requires consent for any extension exceeding that duration. As a draft form, this document has important legal implications and consultation with an attorney regarding its completion or modification is recommended. No specific pricing terms, set-asides, funding sources, or contract renewal options are detailed in this bond form, which is designed as a preliminary document requiring completion with project-specific information.
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Text version
AIA
Document A310™ – 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 draft was produced at 13:06:53 ET on 09/24/2024 under Order No.4104242484 which expires on 01/24/2025, 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: (1684818499)
ADDITIONS AND DELETIONS:
The author of this document has added information needed for its completion.
The author may also have revised the text of the original AIA standard form.
An Additions and Deletions Report that notes added information as well as revisions to the standard form text is available from the author and should be reviewed.
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.
ELECTRONIC COPYING of any portion of this AIA® Document to another electronic file is prohibited and constitutes a violation of copyright laws as set forth in the footer of this document.
CONTRACTOR:
(Name, legal status and address)
SURETY:
(Name, legal status and principal place of business)
OWNER:
(Name, legal status and address)
BOND AMOUNT: $ « »
PROJECT:
(Name, location or address, and Project number, if any)
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.
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.
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 draft was produced at 13:06:53 ET on 09/24/2024 under Order No.4104242484 which expires on 01/24/2025, 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: (1684818499)
Signed and sealed this « » day of « » , « »
(Contractor as Principal) (Seal)
(Witness) (Title)
(Surety) (Seal)
(Witness) (Title)
File details come from the government source that posted it. Updated .