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Bid Bond <br />CONTRACTOR: <br />(Name, legal status and address) <br />G.E. Marshall, Inc. <br />P.O. Box 242 <br />Valparaiso, IN 46384 <br />Document A3 0 TM - 201 <br />Conforms with The American Institute of Archltects AIA Document 310 <br />SURETY: <br />(Name, legal status and pNrtclpul platy (f/ hus/naexs) <br />Fidelity and Deposit Company of Maryland <br />600 Red Brook Blvd, Suite 600 <br />Owings Mills, MD 21117 <br />Mailing Address for Notices <br />OWNER: 1299 Zurich Way <br />(Nano, legalstatttsaedaddreW Schaumburg, IL 60196-1056 <br />City of South Bend, Indiana, Board of Public Works <br />1316 County -City Building, 227 West Jefferson Boulevard <br />South Bend, IN 46601 <br />BOND AMOUNT: 5% Five Percent of the Base Bid Plus any Alternates <br />PROJECT: <br />(Nanw, locatiotroraddnrss, otrdl'rofectremiber, ffagg) <br />Fat Daddy's Building Demolition, Project No. 118-066 <br />This document has Important <br />legal consequences. Consultation <br />with an attorney Is encouraged <br />with respect to Its completion or <br />modilloation. <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 arc bound to the Owner in ilia amount sot forth above, for the payaron ofwhioh the Contractor and Surety bind <br />tliarttscltrosW thou lrcirs, cx�utors„ administrators, sucoossors and assi8ns, jointly and scvorally, as p�rovietod' 1'onain.'ftre conditions of this <br />Bond aro such hurt ifthe Owner accepts Iho bid ofthe Contractor within the time specified in tho bid documents, or within such bate poriod' <br />as tnoy bo agreed to try" the Owner and Contractor, and the Contractor cither (l) enters into a contmot with the Owner ill accordance with <br />the lonns+ofsuch bid, and glves such bond or bond's as maybe specified in the bidding or Contract Document.% with a surety admitted in <br />Ilse jurisdiction of die I14oct and otherwise acceptable to Ike Owner, for Ike AithMl performance of such Contract and for the prompt <br />payment of labor and material famished in die prosectrtion thcrt:4 or (2) pays to the owner the difference, not to exceed the amount of <br />ilia Bond, between the mnount specified in said bid and srmh larger amount for which the Owner may in good faith contract with another <br />party to perlbrin the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and ell'cet. The <br />Surety hereby waives any notice ofan agreement between the Owner and Cnnlmctor to extend the time in which the Owner may accept the <br />bid. Waiverof notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggrogttte 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 an extension beyand <br />sixty (60) days. <br />If this Bond is issued in connection trill► a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be doomed to be <br />Subcontractor and the term Owticr shall be deemed to be Contractor. 1 0,W �! S° � Ar <br />When this Bond hw; lean famishod to compsly will; a Molutory orothor legal requirantcat in ilia looation r <br />this Bond contliclinng with said statutory or legal rettuirontent shall be deemed deleted horchrom and pnwi <br />statutory or other legal requitonnnt stiolt be doomed incorporated havoin. Wltaon so fumished, the intent is <br />ON a $1211310ry band and not as a. erntmrsn law brand. <br />Signed and scaled this 27th day of November, 2018. <br />#Il rmwsJ <br />' /t/4A, <br />d'l" owme K*ryn Fl Postma <br />s-mam alto <br />i.E. Marshall <br />(Polrrclpal) i <br />esident <br />SEAS. <br />Fidelity and De oiosit Conl a mmo Mar land .._ <br />ltiurer}j -- (Seal) <br />By: <br />flttle) Lisecker At orrnen + nTact <br />