|
M MM. Lei 1-11 -.1 IT, 1:4 ZkA ILI
<br />Westfield Groupall Park Circle, P 0 Box 6001, Westfield Center, Ohio 44261-5001
<br />Conforms to Document A31 OTM -2010
<br />Bid Bond
<br />CONTRACTOR: SURETY:
<br />(Name, legal status and address) (Name, legal status and principal' place of business)
<br />Larson -Danielson Construction Co,, Inc, OHIO FARMERS INSURANCE COMPANY
<br />302 Tyler St, 1 Park Circle, PO Box 5001
<br />La Porte, IN 46350 Westfield Center, OH 44251 -5001
<br />OWNER.,
<br />(Name, legal status and address)
<br />City of South Bend, Board of Public Works
<br />227 W, Jefferson Blvd
<br />South Bend, IN 46601
<br />BOND AMOUNT: Five Percent (5%) of the Attached Bid
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />VPA Maintenance Storage Building
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety
<br />bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein, The
<br />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
<br />within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the
<br />Owner in accordance with the terms of such, bid, and gives such bond or bonds as may be specified in the bidding or Contract
<br />Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance
<br />of such Contract 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 for which the
<br />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,
<br />otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor
<br />to extend the time in which the Owner imay accept the bid, Waiver of notice by the Surety shall not apply to any extension exceeding
<br />sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor
<br />shall obtain the Surety's consent for 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 be deemed to be
<br />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, any provision in
<br />this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such
<br />statutory or other Iegal requirement shall be deemed incorporated herein, When so furnished, the intent is that this Bond shall be
<br />construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 12th day of June
<br />Terry A. Larson, Atary-Treasurer(Wttness)
<br />N GO., INC,
<br />Larson -Daniel t c
<br />(Principal), (Seat)
<br />By� Timothy F. Larson, President (Title)
<br />L OHIO FARMERS INSURANCE COMPANY
<br />Karen Wallace(Witness) (Surety), (Seal)
<br />B
<br />,"- m LJ - ry�
<br />Pamela S, Terzino, Attorney -In -Fact (Title)
<br />Printed with, permission from The American Institute of Architects (AIA) and the Surety & Fidelity Association of America (SFAA) by
<br />Westfield Groupe, Westfield Group vouches that the language in the document conforms exactly to the language used in AIA
<br />Document A31 0 Im 2010.
<br />BD5084 OFWWN (10/20 10)
<br />
|