|
'"k
<br />MERCHANTS
<br />BONDING COMPANYTm
<br />MERCHANTS BONDING COMPANY(Ml)TUAL) • MERCHANTS NATIONAL BONDING, INC.
<br />2100 FLEUR DRIVE ' DES Mf-)(NES, IOWA 50321-1158 • (800) 678-8171 ' (515) 243-3854 FAX
<br />CONTRACTOR:
<br />(Name, legal status and address)
<br />Edward & Jones Concrete, Inc.
<br />8537 Bash Street, Suite 1
<br />Indianapolis, IN 46250-1566
<br />OWNER:
<br />(Name, legal status and address)
<br />City of South Bend, Indiana Board of Public Works
<br />227 W Jefferson St., Ste 1200 N
<br />South Bend, IN 46601-1830
<br />BOND AMOUNT: *** Ten Percent (10%) of the Accompanying Bid ***
<br />Bond Number: Bid Bond
<br />SURETY:
<br />(Name, legal status and principal place
<br />of Inesiness)
<br />Merchants National Bonding, Inc.
<br />A Corporation
<br />2100 Fleur Drive, Des Moines, IA 50321-1158
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney is encouraged with
<br />respect to its completion or
<br />modification.
<br />PROJECT: Any singular reference to
<br />(Name, location or address, and Project number, if any) Contractor, Surety, Owner or
<br />Ironwood Drive Sidewalk Edison Road to S.R. 23, 117-033A, South Bend, IN other party shall be considered
<br />plural where applicable.
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the
<br />Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and
<br />severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor
<br />within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and
<br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such
<br />bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted
<br />in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract
<br />and for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to the Owner the
<br />difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount
<br />for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this
<br />obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of
<br />an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid, Waiver of
<br />notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for
<br />acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for
<br />an extension beyond sixty (60) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall
<br />be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
<br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,
<br />any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and
<br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so
<br />furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 12th day of December I 20W
<br />Edward & Jones Concrete, Inc.
<br />(Principal) (Se a1)
<br />(Witness)
<br />(Title)
<br />s Merchants N tional Bonding, Inc.
<br />•-� ~ (Surety)
<br />)f,tners)
<br />% All ?
<br />(Title) Tiffa . Williams, Attorney -in -Fact
<br />CON 0657 (6j12) Printed in cooperation with American Institute of Architects (_MA). The language in this doctment
<br />conforms exactly to the language used in AIA Document A3I0-Bid Bond-2010 edition.
<br />
|