Bid Award - One or More 2016 or Newer One Ton Two Wheel Drive Dump Truck Spec AC - Jordan Ford

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Document A31OTM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (1Rnne, legal molar and address) Jordan Automotive Group dba Jordan Ford 609 E. Jefferson Boulevard Mishawaka, IN 46545 OWNER: (Name, legal stales grad address) SURETY: (Marne, legal stalus and prindpal place (trh aviness) The Hanover Insurance Company 440 Lincoln Street Worcester, MA 01653 City of South Bend, Office of the Board of Public Works 13th Floor, County -City Building, Room 1316, 227 West Jefferson South Bend, IN 46601 BOND AMOUNT: $ 10% Ten Percent of Amount Bid 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. PROJECT: (Name, location or address, andlrtgject manlier, Ujarr)) Spec AC - One (1) or More, 2016 or Newer, One Ton Two Wheel Drive Dump Trucks The Contractor and Surety are bound to file Owner in the amount sot 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 arc 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 surely admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for tho faithful performance of strait 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, In parronn the work covered by said bid, then Ibi%Obligation shall be refill and veld, otherwise to remain in full Ibrce and ell'ecl. The Surety hereby waives any notice oran agreement between the Owner and Contractor to extend the (line in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (00) days in the aggregate beyond the time litr acceptance ol'bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent loran extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid too Contractor, the tern Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be doomed to be Contractor. When this Band has been Ihmished to comply with a Statutory or other legal requirement in the location of the project, any pmvision in this Band conflicting with said statutory or legal requirement shall be deemed deleted herelhnn and provisions confbmning to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is (fiat this Bond shall be construed US a statutory bond and not as a common law bond, Signed and sealed (Iris 13th day of December, 2016 Jordan Automotive Group dba Jordan Ford (seal) d ffiless) ,. Bye r :• (ftt14) %1P(mes,5yUnanssa U. Lecuyer The Hanover Insurance Company (sravo) rt fl Bra-1, (True)Chris". Braila Attorney -in -Fact Surety Phone No. 508-853-7200x-4476 S•0054/AS 8110