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Document A31OTM - 2010
<br />Conforms with The American Institute of Architects AIA Document 310
<br />Bid Bond
<br />CONTRACTOR: SURETY:
<br />('Naniv, Itgalstalus and addivm) (Xinne, legirlmams andpoincilud plave ofbiLyiness)
<br />Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company
<br />This document has important
<br />609 E. Jefferson Boulevard 440 Lincoln Street
<br />legal consequences, Consultation
<br />Mishawaka, IN 46545 Worcester, MA 01653
<br />Wth an attorney Is encouraged
<br />with respect to Its completion or
<br />OWNER:
<br />modification,
<br />(Xama, legalsialusandadVi-ess)
<br />Any singular reference to
<br />City of South Bend
<br />Contractor, Surety, Owner or
<br />other party shall be considered
<br />13th Floor, County -City Building, Room 131�6, 227 West Jefferson
<br />plural where applicable,
<br />South Bend, IN 46601
<br />13ONDAMOUNT: $ 10% Ten Percent of Amount Bid
<br />PROJECT:
<br />(Name, location or a�ddress, andlli-qjecl munbar, ifai�i9,
<br />Spec N - Two (2) More or Less 2018 or Newer 4X4 Crew Cab Concrete Trucks
<br />The Contractor and Surety are bound to the Owner in llicaniount set forth above, for tire payment of which (lie Contractor and Surety bind
<br />themselves, their heirs, executors, administrators, successors anclossignsjoitillyand severally, as provided lie rein. Tito conditiom of I his
<br />Boad are such that if the Owner accepts tile bid of the Contractor within tire time specified in the bid doctiments, or within such flaire period
<br />as may be agreed to by the Owner and Contractor, and the Contractor cither (1) eaters into a contract with tire Owner ill accordwice with
<br />tile ternis of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a Surety adillitted in
<br />thejurisdiction of the 11rqject and otherwise acceptable to tire Owner, for tire failbful performance of stich Contract arid for tire prompt
<br />payment of labor and material fumished in the prosecution thereof, or (2) pays to tile Owner the diff4reace, not to exceed tire aniount of
<br />this Boud, between tire amount specified ill said bid and such larger aniount for wilicil tile Owner may in go�od faith contract with another
<br />party to perl'orni (lie work covered kysaid bid, their this obligutionsliall be null and void, otherwise to remain in 0till florceand C11ect, The
<br />SLITeIV heroky waives any notico ol'an agreement between tile Owner and Colitractor to extend the time, in which the Owner may accept tile
<br />bid. 'kaiver ol'imlice by 1110 Surety shall 11411 apply to arly extension exceeding sixty (60) days in the aggregate beyond (lie tinie lor
<br />acceplance ofbids specilied in the bid docuiliclits.. and tire Owner and Contractor shall oblain tire Surety's consent lbr an OxIetision beyond
<br />sixLy (60) days,
<br />If this Bond is issited in connection with a subcontraotor's bid ton Contractor, the term Contractor in this Bond sliall be deenied to be
<br />Subcontractor and the lerin Owner shall be doemed to be Contractor,
<br />When this Bond has [)can fitintished to comply with a staltiloTy or other legal requirement in tile location ol'the Project, art%, provision ill
<br />this Bond conflicting with said statuton, or legal requirement shall be deemed deleted herellroin and provisions coal'orniing it) stich
<br />statutory or other legal requirenient sltaU be deenied incorporated herein. When so l'unrished, ilic hilent is that this Bond ',-hall be construed
<br />as astatiltory bond and riot as a coninion la%v bond,
<br />Signed and scaled this 8th day of May, 2018
<br />Jordan Automotive Group dba Jordan Ford
<br />(PlinciPal) FSea—V
<br />-'�,AJ C,(— Lk
<br />J_
<br />(iVitness) V By:,:bL
<br />FTeet _a(ec/v,3
<br />d"
<br />o az
<br />orim.,q) unarissa U. Le,cu,yer
<br />The Hanov�er Insurance
<br />(S (", 11)
<br />No, 508,-853-7200
<br />S-00541AS 8110
<br />
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