Bid Opening - Demolition of Vacant and Abandoned Houses, Phase IX Proj No. 116-074 - Indiana Earth

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' AIA Document A310Tm - 2010 CONTRACTOR: SURETY: (Name, legal slams and address) (Name, legal ,sralta and principal place Indiana Earth, Inc. of business) 10343 Mckinley Highway North American Specialty Insurance Compa his document has Important legal Osceola, IN 46561 650 Elm Street consequences. Consultation with Manchester, NH 03101 OWNER: an attorney is encouraged with (Name, legal siarrrs and address) .respect to its completion or Cit of South Send moditicaaon. y 227 West Jefferson Boulevard Any singular reference to South Bend, IN 46601 Contractor, Surety, Owner or BOND AMOUNT: `FIVE PERCENT OF AMOUNT BID* other party shalt be Considered plural where applicable. PROJECT: ame, locatlon or address, and Project number, ifatV) House Demolitions in 3 Divisions The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surely 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 thejurisdiction 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 shalt 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 inconnection 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 conflictipig with said statutory or legal requirement shall be deemed deleted herefrom and provisions confo ing to such staAtery or other legal requirement shall be deemed incorporated herein. When so furnished, the' tent is that this 7ond shall be construed as a statutory bond and not as a common law bond. Signed *Ie day of August Indiana 2016 (Seal) O. Chambers. Attomev-ln-Fact _ Init AIA Document A310n'-2010. Copyright 451963.1970 and 2010 by The Amencan insfaule of Architects. All rights roserved. WARNING: Thl%AIA*. Document is protected by U.S. Copyright Law and International Tr&Otes. Unauthorized reproduction or dishl bud on of this AIA° Documem, or, any portion -fit, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the law, r Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract Document's, e-4,66'li } The American Ina thole of Architects' legal counsel, copyright®aia:org, .1110