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, , ..THE AMERICAN INSTITUTE OF ARCHITECTS ~, <br />,i <br />III <br />AIA Document A310 <br />Bid Bond <br />KNOW ALL MEN BY THESE PRESENTS, that we CPM DEVELOPMENT CORPORATION DBA EGGE SAND & <br />GRAVEL <br />as Principal, hereinafter called the Principal, and FIDELITY AND DEPOSIT COMPANY OF MARYLAND <br />a corporation duly organized under the laws of the State of MARYLAND <br />as Surety, hereinafter called the Surety, are held and firmly bound unto CITY OF EUGENE <br />as Obligee, hereinafter called the Obligee, in the sum of TEN PERCENT OF AMOUNT BID <br />Dollars ($10%), <br />for the payment of which -sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our <br />heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for 2008 POTHOLE REPAIR PROJECT -JOB NO. 4588 <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract <br />with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the <br />bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for <br />the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the <br />Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference <br />not to exceed the penalty hereof between the amount specified in said bid and .such larger amount for which the <br />Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation , <br />shall be null and void, otherwise to remain in full force and effect. <br />Signed and sealed this 28T" day of AUGUST, 2008. <br />~tness) <br />CPM DEVELOPMENT CORPORATIOfV~.DBA ^^~ ~ - :._-~ <br />EGGE„SAND & GAVEL '-•~~~--~' <br />~~ / `(Principal) (Seal) <br />,st •S ~ <br />(Witness) <br />FIDELITY AND DEP09~N1° COMPANY OF <br />MARYLAN D <br />(surety) (Seal) <br />(Title ttomey-In-Fact <br />AIA DOCUMENT A310 • BID BOND •AIA ®• FEBRUARY 1970 EO • THE AMERICAN <br />INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 ~ <br />