Opening of Bids - Newman Center Roof Repair - Midland Engineering Company, Inc.

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Document A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal starry and adds axss) Midland Engineering Co., Inc. PO Box 1019 South Bend, IN 46624 OWNER: (Name, legalstatirsardod)-ess) City of South Bend - Board of Public Works 227 W Jefferson Blvd South Bend. IIN 46601 SURETY: (Mane, legal stalms and primciped place of huiness) The Cincinnati Insurance Company P.O. Box 145496 Cincinnati, OH 45250-5496 Mailing Address for Notices BOND AMOUNT: $ 5% Five Percent of Amount Bid PROJECT: (Name, location oraddrtux a,dl4•ojectnumber, Many) Newman Center- Roof Repair, 727 South Eddy St, South Bend, IN 46615 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 are bound to the Owner in tho amount set forth above, for tie payment of which ilia Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns,jointlyand severally, as provided herein. Tlic conditions of ibis Bond are such Illat if the Owncr accepts the bid of the Contractor within the time specified in the bid documents, or within such tittle period as niay bo agreed to by the Owner mid Contractor, and the Contactor either (1) enters into n contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in ilia bidding or Contract Documents, with a surety admitted in the ,judsdiction of the Project and otherwise acceptable to ilia Owner, for the faithful porfomlance of such Contract and for the prompt payment of labor and material famished in the prosecution thereof, or (2) pays to the Owner the difference, not to exceed the aniopnt of this Bond, between the amount specified in said bid and such larger antowit for which the Owner may in good faith contract with another party to pattern) ilia work covered by said bid, then this obligation %hall be mull and void, otherwise to remain in full force and effect. The Surely hereby waives any notice ol'an agreement between the Owner and Contractor to extend [fie lime in which the Owner may accept the bid. Waiverol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond ilia time lira acceptance ol'bids specified in file bid documents, and [lie Owner and Contractor shall obtain the Surety's consent fur an extension beyond sixty (60) duys. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tent Contractor in this Bond shall be deenlcd to be Subcontractor and the term Owner shall be deemed to be Contractor. When (Ills Bond has been tarnished to comply with a statutory or other legal requirement in [he location oi'lhe Project any provision in this Bond conflicting with said slalulory• or legal requirement shall be deenied deleted herefiom mid provisions coolbrining to such statutory or other legal requirement shall be deemed incorporated herein. When so litmished, the intent is that this Bond xhall be construed as a statutory bond and not as a common law bond. Signed and sea cd this 22nd day of December, 2016. f y Midland Engineering Co., Inc. (P,inciPal) M.W. Frahn, Exec. V.R.(?t4b/Secretary Kenneth A. Sage, Vice President By: Business Development (Title) M.W. Frahn, Exec. V.P./CFO/Secretary , The Cincinnati Insurance Company 'Mffo)Tracie House ttorney-m- act - (/coaeorsnTs lc(S E A S•0054/AS 8110