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I I I
<br />Conforms with The, American Institute of Architects AIA Document 310
<br />Bid Bond
<br />CONTRACTOR: SURETY:
<br />A'aina , legalsfairrs and adelrv.vti) (Nama, legalsurfus andpyinciluilplava ofbaviness)
<br />Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company This document has important
<br />609 E. Jefferson Boulevard 440 Lincoln Street legal consequences. Consultation
<br />with an attorney is encouraged
<br />Mishawaka, IN 46545 Worcester, MA 01653 with respect to its completion or
<br />modification.
<br />OWNER:
<br />(Name, legalsialusatidadtiress) Any singular reference to
<br />Contractor, Surety, Owner or
<br />City of South Bend other party shall be considered
<br />13th Floor, County -City Building, IRoom 1316, 227 West Jlefferson plural where applicable.
<br />South Bend, IN 46601
<br />BOND AMOUNT: $ 10% Ten Percent of Amount Bid
<br />PROJECT:
<br />(Nanio, locaflonor address, andill-qjectnumbei-, tfaltl)
<br />Spec AK - Two (2) more or less 2018 or Newer 18,000 lb, Four Wheel Drive Chassis with Dump Beds
<br />The Contractor and Surety are bound to the Owner in tire amount set forth above, for ilia payment of which the Contractor and. Surety bind
<br />themselves, their hairs, excentors, administrators, successors and assigns, jointly and severally, as provided harcin, The conditions of this
<br />Bond are strch that if ilia Owner accepts the bid of ilia Contractor wilhin the thric specified in the bid documents, or within such time period
<br />as Illay be agreed to by tile Owner and Contractor,, and tile Contractor cither(l) enters into a contract With the Owner in accordance with
<br />the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Doctilliclits, willi a surety admitted inn
<br />file jurisdiction of tile llrqicct and otherwise acceptable to the Owner, for tile faithful perroniiancc of such Contract and for ilie prompt
<br />payment of labor and material furnished in the prosecution ilicreot, or (2) pays to the Owner the difference, not to exceed the amount of
<br />this Botid, between tho, amount specified in said bid aird such larger aniount for which tire Owner may in good faith contract willi another
<br />party to porlbrill (lie work covered bysaid bid, their this obligation sliall be IMII and void, Otherwise it) reiriain in fill force and ell`cct, Tile
<br />Surety hereby waives any notice ofall agreenicni between the Owner and Contractor to extend the time in wbiull tile Owner may accept the
<br />bid. Waiver ol'notice by, the Surety shall not apply to tiny extension exceeding Sixty (60) days in the aggregate beyond the tilile lbr
<br />acceptance ol'bids.specifed in the bid dOGUrnell(S', and the Owner and Contrac(orshall obtain the Surety's consent lair air extension beyond
<br />sixty (60) days.
<br />If lbis Bond is issued in connection wilh a subcontractor's bid to a Contractor, t1rc torn Contractor in this Bond shill be deemed to be
<br />Subcontractor and the term Owner shall be deeniod to be Contractor.
<br />When this T)oiid has been furnished to comply xvith a smuloD,, or Other legal requirement in tire location ol'the Project. any provision in
<br />this Bond conflicting Nvitli said 8111111IOry Or legal requirement shall be deenicd deleted lierefrom and provisions confimning, to such
<br />staftilory or other legal recikkenient shall be, deemed incorporated llerein• When so I'timistied, tile intent is that this blond shall be construed
<br />us a statutory bond and not as a common law bond.
<br />Signed and scaled this 1 2th day of December, 2017
<br />Uriarlssa U. Lecuye?'
<br />Jordan Automotive Group dba Jordan Ford
<br />(Principal) (804
<br />By:
<br />(TT ao) C b,,--\ r~aa (2
<br />The Hanover Insurance Company
<br />By(
<br />maq)Chrik_M_ Braile Attorney -in -Fact
<br />Surety hone No. 508-853-72010
<br />S-00541AS 8110
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