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VAIA Docuiment A31 OTM 2010
<br />CONTRACTOR:
<br />(Name, legal stains and address)
<br />Green Demolition Contractors, Inc.
<br />4640 S St Louis Ave Suite 100
<br />Chicago, IL 60632
<br />OWNER:
<br />(Name, legal slates and address)
<br />City of South Bend - Board of Public Works
<br />1316 County -City Building
<br />227 West Jefferson Boulevard
<br />South Bend, Indiana 46601
<br />SURETY:
<br />(Name, legal stales and principal place
<br />of business)
<br />Developers Surety and Indemnity Company
<br />PO Box 19725
<br />Irvine, CA 92623
<br />BOND AMOUNT: 5% not to exceed Forty -Two Thousand Dollars
<br />PROJECT:
<br />(Name, location or address, and Proiecl number, if any)
<br />Wreck & Remove Complete - Fat Daddy's Building Demolition - City Project No. 118-066
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney is encouraged with
<br />respect to its completion or
<br />modification.
<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 are bound to the Owner in the amount 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 retrain in full 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 an.d-
<br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. Whe ,80
<br />furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bo>i I, "
<br />Signed,rtd sealed this 26th day of
<br />Green
<br />Inc.
<br />(Seal)
<br />(I ifness)
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<br />CAV.t"N'"Qhk You should slgua an I,uginall AIIA 4"t !iut4uact D113cuamo ill, On wP W'11 Illhtiit. tent al3pealS luro IIRlll A, A,a�a eS Mue.l3 th-At
<br />ctiiianges ruriilll not be anflmciiiiiioii�E
<br />1"— o ri hit @ 1963 1970 and 2010 b The American Institute of Architects. All ri hts reserved, zhdh' I+IrBVllg(, iIh4 Aa �
<br />Init. AIA Document A310 2010 C py g y g t
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<br />r Purchasers are permitted to reproduce ten (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@aia.org 061110
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