Opening of Bids - Liberty Tower Exterior Renovations Project No 118-086R - Midland Engineering Company Inc

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ocuuumie t A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Midland Engineering Co., Inc. PO Box 1019 South Bend, IN 46624 OWNER: (Nmue, legal stalrts card address) SURETY: (Name, legal status and principal place e f htceinesv) The Cincinnati Insurance Company P.O. Box 145496 Cincinnati, OH 45250-5496 Mailing Address for Notices Same as above City Of South Bend Board of Public Works 227 W Jefferson Blvd South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of Amount Bid This document has Important legal consequences. Consultation with an attorney is encouraged with respect to Its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. PROJECT: (,b'ame, locatlonoraddress. and Projectnumber.. ifailtj Liberty Tower Exterior Renovations, 213 W est Washington Street, South Bend, In 46601 The Contractor and Surety arc bound to the Owncr in tltc amount set forth above, for the payment of which the Contractor and Surcty bind themselves, their heirs, executors, administrators, successors and assi-ns, jointly and severally, as provided herein. The conditions of this Bond arc such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or 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 Owner in accordance with the terms of such bid, and gives such bond or bonds as ntay be specified in the bidding or Contract documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful perforntance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perli►rnl the wort: covered by said bid, then this obligation shall be null and void, otherwise to remain in lull Vince and ellect. The Surely hereby waives any notice ol'an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid, 'Waiver ol'notice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time Ibr acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent lbr an extension beyond sixty (60) days. 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 Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been liimished to comply with a statutory or other legal requirement in the location ol'lhe Project any provision in this Bond Conflicting %vith said Statutory or legal requirement shall be deemed deleted herelrom and provisions coiiliinning to such stututory or other legal requirement sliall be deemed incorporated herein. When so famished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond, Signcd and scaled this 22nd day of January, 2019. Kermth A. Sage, VP Business Development/Sec. Midland Engineering Co., Inc (Principal) (Seal) By: (Title) Michael W. Fratm, CPA — President/CED/CEO OEA The Cincirlt)ati Insurance CompanyTlik) r le cruse t rney-inn-Ref S•00541AS 8110