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OTM
<br />Min I 11A Document A31 - 2010
<br />CONTRACTOR. SURETY:
<br />(Name, legal status and address) (Name, legal status and principal place
<br />of business)
<br />IIRP Construction Inc.
<br />P.O., Box 266 Fidelity and Deposit Company of Maryland
<br />This document has important legal
<br />South Bend, IN 46624-0266 Baltimore, MD
<br />consequences, Consultation with
<br />OWNER:
<br />an attorney is encouraged With
<br />(Name, legal status and address)
<br />respect to its completion or
<br />modification.
<br />City of South Bond Board of Public Works
<br />County -City Building Room 1316, 227 West Jefferson Blvd
<br />Any singular reference to
<br />Contractor, Surety, Owner or
<br />South Bend, IN 46601
<br />BOND AMOUNT:
<br />other party shall be considered
<br />Five Percent of the Total Bid 5% of'rotal Bid
<br />plural where applicable.
<br />PROJECT:
<br />(Name, location or address, and Project number, if -,my)
<br />Ravina Park - Bowman Creek Stabilization; Project No. I I 7-073A
<br />The Contractor and Surety are bound to the Owner in the arnount 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 Rill 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 the 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 herefrom 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 />Signed and seated this 6th day of July 2018
<br />C
<br />(Pr' upa (Seal)
<br />(Witness) Nancy Knapik-, Sec/Treasurer
<br />(Title) Matthew C
<br />Fidelity eposottleolullparnye -900f'y6d
<br />(Surety) (Seal)
<br />(Witness)
<br />(Title) Cheryl E. lkire, Attorney in Fact
<br />CAUTION: You should sign an original AIA Contract Document, on which this text appears in RED, An original assures that
<br />changes will not be obscured.
<br />AIA Document A31IOlTm — 2010. Copyright Ob 1963, 1970 and 2010 by The American Instltute of Architects. All rights reserved. WARNING: Tills AW"
<br />Init., Document Is protected by U.S. Copyright Law and International Treaties, unauthorized reproduction or distribution of this AW'DOCUnient, or -
<br />any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the law.
<br />Purchasers are permltted to reproduce ton (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@Paia.org. 061110
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