Opening of Bids - Mishawaka Ave Traffic Signals at Fire Station No 9 Project No 117-120A - Pemberton Davis Electric Inc

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A Document A310T"" - 2010 CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place Pemberton -Davis Electric, Inc. of business) 916 E. McKinley Ave Great American Insurance Company Mishawaka, IN 46546 301 E. 4th Street This document has important legal Cincinnati, OH 45202 consequences. Consultation with OWNER: an attorney is encouraged with respect to its completion or (Name, legal status and address) City of South Bend modification. Any singular reference to Contractor, Surety, Owner or BOND AMOUNT: Five Percent of the Amount Bid other party shall be considered ($ 5% of Bid plural where applicable. PROJECT: (Name, location or address, and Project number, if any) Traffic Signal Mishawaka Ave at Fire Station No. 9, Project No. 117-120 The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are 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 may 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 performance 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 perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for 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 furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed arad.:Walt,d this lzth day of (l�"ittfes.sf.. (ll rtis) Init. AIA Document A310f"" -20W Copyright 019a63, 19 tOand 2010 by The Arner�can lnolMtute of Arc@tbtect%API rights reserved, WVAftl NGThts AIAs Document Is protoctod by U,S. Copyright Law and International Treaties. Unauthorized reproductico or WeIributtorl of this AlA Uncum nt,, or any portion of it, may result In severe civil and cdminal penalties, and will be prosecuted to the maxtraaum extent possible under the law. / Pwurr, hagstro6 are ponnfill to reproduce Ion (I O) couples of tlrls document when completed To report copya%ght violullons of AIA Contract Docurnents, a rwil 'fheAurichcanln5fututoofArckrBt is"legalwur,W,copyrig,ht ala..orY1. 40110