Opening of Bids - VPA Maintenance Storage Building Proj No 118-046 - Brown & Brown General Contractors Inc

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snit. A -'E- AIA Document A31 OTM -12010 CONTRACTOR: (Name, legal status and address) Brown & Brown General Contractors, Inc. P. O. Box 487 Wakarusa, IN 46573-0487 OWNER: (Name, legal status and address) City of South Bend Board of Public Works SURETY: (Name, legal status and principal place of business) Philadelphia Indemnity Insurance Company Bala Cynwyd, PA County -City Building Room 1316, 227 West Jefferson Blvd South Bend IN 46601 BOND AMOONT: Five Percent of the Total Bid 5% of Total Bid PROJECT: (Name, location or address, and Project number, if any) VPA Maintenance Storage Building; Project No. 1062-2018 This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (I) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. June 2018 Brown N3roynl G=ral.Contractors, Inc. (Principal) (Title) Eric Brr win, Pre ident Philadelphia Indemnity Insurance Company (Surety) (Seal) (Title )I,"Jbrfnifer L. Kasznia, Aftorney in Fact CAUTION: You should sign ain orl&M AlA Contract Docuirr ent, on wW/�h thN text appears in REID. An original assurfm that chainges will riot be abscured. AIA Document A31OTm - 2010. Copyright 0 1963,1970 and 2010 by The American Institute of Architects. All rights reserved, WARNIIM "rhis ZW-- Docurnw'A Is IprotmAed by 119', Copyflght Law and internaflonM Trwfflos. Unauthorized repirodueflon or distrIlbukinn of this AIAOO Document, w any porflon of It, may remAK ki severe civil and adminall penaitleall and will be prasem,ded to ffm max.limurn extent posWbIle under Vie iaw. Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations ofAIIA Contract Documents, e-mall The American Institute of Architects' legal counsel, copyright@ala.org. %1110 Signed and sealed this 4th day of (Witness) (Witness) 6