Opening of Bids - Berlin Place Site Development - G.E. Marshall, Inc.

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Signed and scaled this 17th day of November, 2016. 0111k'S5) Taylor A. Burge Tile) F4q&k A. Fidelity and Deposit Company of Maryland f,Sarery) (.Seri!) Ill'unerv) David M. S-0054lAS 8f10 Bid Bond CONTRACTOR: (franc, 14gaLvfaftes turd addmti) G.E. Marshall, Inc. P.O. Box 242 Valparaiso, IN 46384 Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (,'cane, legal. airrs midprincipa!place rflnafitess) Fidelity and Deposit Company of Maryland 600 Red Brook Blvd, Suite 600 Owings Mills, MD 21117 Mailing Address for Notices OWNER: 600 Red Brook Blvd, Suite 600 Nana, legalstaarsondaddrm) Owings Mills, MD 21117 City of South Bend, Indiana, Board of Public Works 227 West Jefferson Blvd. South Bend, IN 46601 BOND AMOUNT: $ 5% Five Percent of the Total Bid PROJECT: (Name, location or address. audIlrojectnumber.. ifaittf Berlin Place Site Development, Project No. 116-089 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. The Contractor and Surety arc bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind thcroschcs, their hairs, executors, administrators, successors and assigns. XmIly 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 ilia Owner in accordance with the terns 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 lirgiect and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material famished in the prosecution thereof, or (2) pays to ilia 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 periimn the work covered by said bid, then this obligation shall be null and void, otherwise m remain in full aurae and elfect. The Surety hereby waives any notice of n agreement between the Owner and Contractor hi extend the lime in which the Owner may accept the bid. Waiver of nnliae by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the lime lbr acceptance ol'bids s7oecilied in the bid documents, and ilia Owner and Omlmclor shall obtain the SureVs consent fir an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tonal Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. VAmn this Bond has been famished to comply with a statutory or other legal requirement in the location offlic Project any this Blind conflicting with said statutory or legal requirement shall be deemed deleted herelrom and provisions confiimtjng- statutory or other legal requirement shall be deemed incorporated herein. When so furnished, ilia intent is that this B1rAc�i�tF as a statutory bond and not as a common law Iliad. 0'y i 4 in