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lr% <br />Document A31OTM —2010 <br />Conforms with The American Institute of Architects AIA Document 310 <br />Bid Bond <br />CONTRACTOR: <br />fiVarns, legal status and address) <br />Midland Engineering Co., Inc <br />PO Box 1019 <br />South Rend, IN 46624 <br />OWNER: <br />(Namc, legal siall(sand adds ess) <br />City Of South Bend Board of Public Works <br />227 W Jefferson Blvd <br />South Bend, IN 46601 <br />SURETY: <br />(Maine, legal status and PIMOPell PlavOnfli tainwa) <br />The Cincinnati Insurance Company <br />P.O. Box 145496 <br />Cincinnati, OH 45250-5496 <br />Maliling Address for Notices <br />Same as above <br />BOND AMOUNT: 5% Five Percent of Amount Bid <br />PROJECT: <br />(Xon/c, location or address, and.1'rqfect member. tfai{i) <br />Berlin Place -Building #4 Roof Pavers and pedestals <br />This document has important <br />legal consequences. Consultation <br />with an attorney is encouraged <br />with respect to Its compleflon or <br />modification. <br />Any singular reference to <br />Contractor, Surety, Owner or <br />other party shall be considered <br />plural where applicable. <br />The Contractor and Surety are bound tothe ownerill the aillou lit sot forth above, fertile payment ofwhiclitlicContractor and Surety bind <br />themselves, their heirs, executors, administrators, siiccossors and assigns, jointly and severally, is provided heroin. Tito conditions of this <br />Bond arc such that if the Owner accepts time bid of the Contractor %vithin the time specified in the bid documents, or within such finic period <br />as may be agreed to by the Owner and Contractor,, and the Contractor either (1) enters into a contract with the Owner in accordance %vilh <br />the lerins of suoh bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in <br />the jurisdiction of the Prqject and otherwise acceptable to the Owner, for the faithful porformailee ofsuch Contract and for the prompt <br />payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of <br />this Bond, between the amount specified in said bid and such larger aniount for which tire Owner may in good faith contract with another <br />party to purtionii (lie work covered by.said bid, then this obligation ~hall be null and void, otherwise to remain in fall l'orce and ell'ect, The <br />Surety hereby %vaives: any notice ol'an agreement botween (lie Owner and Contractor to extend (lie time in which the Owner may accept (lie <br />bid, Waiver oftiolico by Illo Surety shall riot apply to tiny extension exceeding sixty (60) days in the aggregate beyond the (inio Ibr <br />acceptance ol'bids specified in (lie bid documenis, and tire Owner and Contruclor shall obtain the Surety'.% consent for air CNtension beyond <br />sixty (tiff) days, <br />If this Bond is issiled in oolincotioll witha subcontractoes bid to a Conlrictor, the tone. Contractor in this Bond shall be doorned to be <br />Subcontractor and time lemon 0%vaor shall be dectried to be Contractor., <br />When this Bond has been I'lirnished to comply with uslatutory or other legal requirement in the location ol'the Projuut, unv . provision in <br />this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefirom and provisions coalbrining to such <br />staftilory or other legal requirement skull be devivied incorporated herein. When so furnished, the intent is that this Bond ~hall be construed <br />us a statutory bond and not us a coninion ta\v bond. <br />Signed and scaled this 12th day of June, 2018. <br />'D <br />eiVitness) Ut <br />Ryan Haas, VAQAsident Sales <br />Midland Engineering Co., Inc. <br />tPrincipal) (Seat) <br />By: <br />(Title) <br />Michael W. Frahn, CPA — Ptxsiclant/CfD/CFO <br />The Cincinnati Insurance Company <br />(Sillvo) <br />By: <br />m7le)_Nancy A. dcleir Attorney-iin-Fact <br />S-00541A$ 8/10 <br />