Opening of Bids - Liberty Tower Exterior Renovations Project No 118-086R - Mulder Waterproofing & Sealants Inc

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oc!umaent r 310TM 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Name, legal status and ad*=) (Name, legal status and li incipal phice r f hm*w.w) Western Surety Company Mulder Waterproofing and Sealants, Inc. 151 N. Franklin Street This3420 Ravine Rd. Chicago IL 60606 legal documenthasimportant legal consequences. Consultation Kalamazoo MI 49006 Mailing Address for Notices with an attorney is encouraged with respect to Its completion or OWNER: modification. (Nance, legal status and adds uss) City of South Bend BOND AMOUNT: 5% Five Percent of Amount Bid Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. PROJECT: (Name. location or addmia mrdilroject number, (fang) Liberty Tower Renovations - Elastomeric Coating - Painting, Caulking, Masonry Re -Pointing Exterior of Hotel The Contractor and Sorcty arc bound to the Owner in tho amount set forth above,. for the payment of which the Contractor and Surety bind themsclves, their hoirs, oxocutors, adanh istrators, successors and assigns. jointly aaad severally, as provided herein, The conditions of this Bond are such that if tine Oavaer accepts the bid oftlac Contractor within the time specified in ilia 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 Sivas such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the 11toject al'ld othenviso acceptable to the Omtcr, for the faithtinl performance of such Contract and for the prompt payment of labor and material furnished in ilia prosecution thereof; or (2) pays to the Owner tine ditierence, 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 perlbrm ilia work covered by said bid, then this obligation shall be null and void, otherwise to remain in full (brca and elrecl. The Surely hereby wuives any notice of an agrccnicnt between [lie Owner and Contractor to extend (lie lime in which ilia Owner may accept die bid. Waiver ornntice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond lice lime for acceptance ol'bidx specified in the bid documents. and the Owner and. Contractor shall obtain the Surety s consent tier an extension beyond sixty (60) days. If this Bond is issued in connection nvith a subcontractors 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 Dond has been Inn nishod to comply with a statutory or other legal requirement in ilia location of the project any provision in this Dond conflicting with amid stulauory or legal requirement shall be deemed deleted herelrom and provisions coortmrming to such statutory or other legal requirement shall be deemed incorporated herein. When so rurnishrcd, (ho intent is that lhix Pond shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 18th day of January, 2019. lll�lrtrars.�t (tl �ttrea'.r S-0054/AS 8t10 Mulder Watergroofing and Sealants, Inc. (lsr"rcip r) (Scii I) B, in c) Western Surety Company lSi►rety) (Sval) PW B" anice tickles , Attorney -in -Fact