|
Document A31 OTM -2011
<br />CONTRACTOR:
<br />(Naine, legal staftis and address)
<br />Wilburn Construction Company, LLC
<br />115 William Street, Suite 210
<br />South Bend, IN 46601
<br />OWNER:
<br />SURETY:
<br />(jVame, legal status and principalplace
<br />of business)
<br />Old Republic Surety Company
<br />445 S. Moorland Road, Suite 200
<br />Brookfield, WI 53201
<br />(iVaine, legal status and address)
<br />Board of Public Works, City of South Bend, IN
<br />1316 County - City Building
<br />South Bend, IN 46601
<br />BOND AMOUNT: ***FIVE PERCENT OF AMOUNT BID***
<br />PROJECT:
<br />�Nciiiie, location or address, and Project number, if any)
<br />orris Bistro/Paialls Lobby Improvements
<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 />Any singular reference to
<br />Contractor, Surety, Owner or
<br />other party shalt be considered
<br />plural where applicable.
<br />The Conti -actor 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 life 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 he�refrom 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 />=a sealed sill" day of December 2017
<br />Wilburn Construction Company, LLC
<br />(Principal) I (Seal)
<br />l(Witness)
<br />(Title)
<br />Old R!jLmbi urety Conpany
<br />C�ap (Se a/)
<br />(Title) 'Z4--
<br />Todd/ A. Schaao, Attornev-in-Fact
<br />AIA Document A31OT" —2010. Copyright Q 1963, 1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING. Th Is AIA'
<br />(nit. Document Is protected by U.S. Copyrig [it Law and International Treaties. Unauthorized reproduction or distribution of this AIA" Document, or
<br />any portion of It, niay result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under tho, law.
<br />Purchasers are permitted to reproduce too (10) copies of this document when completed. To report copyright violations of AIA Contract Documents, e-mail
<br />The American Institute of Architects' legal counsel, copyright@aio.org, D51110
<br />
|