Opening of Bids - Spec V - One or More 2018 or Newer 50 Ton Paver Special Trailer - Southeastern Equipment Co Inc

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Document A31OTM-2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Southeastern Equipment Co., Inc 3333 W Coliseum Blvd FortWayne, IN 46808 O'WNER: (Nance, legal staft(sand address) SURETY: (Name, legal status and Plincillell Alce (0514viness) Ohio Farmers Insurance Company 4125 Highlander Parkway, Ste. 400 Richfield, OH 44286 (dialling Address for Notices City of South Bend, 1316 County City Building 227 W Jefferson Blvd, South Bend, IN 46601 BOND AMOUNT: 10% Ten Percent of Amount Bid PROJECT: (Mame. location or address andProjectnumber, lfao;i; Spec V- One or More, 2018 or Newer, 50 Ton Paver Special Trailer This docu'ment has Important legal consequences, Consultation with an attorney its 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 llicaniount sot forth above, for the paynictit of which file Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided horcin. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor wilhin tile tune specified in the bid documents, or within such line period as inky be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the teens of such bid, and gives such bond or bonds as inay be specified in the bidding or Conlract Vocunlents, with a surety admitted in the jurisdiction of the 11roject and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in tile prosecution thereof-, or (2) pays to the Owner the difTeronce, not to exceed tile aniount of this Bond, betwcon the amount specified in said bid and such larger aniount for which the Owner may in good faith contract with another party to peribmi the work covered by said bid, then this obligation shall be null and void, otherwise to remain in Voll l'orce and ellbel. The Surety hereby waives any notice ol'an agreement between the Owner avid Contractor to extend tile time ill which the Owner may accept the bid„ *aiver ol'noliee by the Surety shall not apply to any exteimion exceeding, sixty (60) days in the aggregate beyond the tinic for acceptance o I'bids specified in the bid documents, and the Owner and Contractor shall obtain tile, Surely's consent lor an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, ill c torte Contractor in this Bond shall be doomod to be Subcontractor and tile terns Owner shall be downed to be Contractor. Whc a this Bond has been Burnished to coal lily with a slaitilory or other legal requirement in the location o I* tile Project, ally provisl oil 111 this Bond cotillictilig %villisaid statutory or legal requirement shall be deemed deleted fiererrom and provisions conibriiiing to such .statulory or other legal requirement shall be deemed incorporated hercin. When so I'arnislicd, tile intent is that this Brand shall be construed as astaltilory bond and not as a common law bond. SislvDd and scaled this 25th day of September, 2018, Southeastern Equipment Co., Inc. (P)Inc 1pal) (Seal) By:u,-/, ffdff) elf?11116 v) Gail lBaker R HAIF� ICH Plubilt - Seal Ohio Farmers Insurance Company Fj Bv: S-00541AS 8110 fitale OT InUldild Allen COunlY elan Wires Qct 20, 2022 i �e