Opening of Bids - Three Twenty at the Cascade Exterior Insulation and Finish System Project No 118-074B-R - Skyline Plastering Inc

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Docum�ent A31OTM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (;'trine, legals/a/us and address) Skyline Plastering, Inc. 232 Westgate Drive Carol Stream, IL 60188 OWNER: (Xame, legal slalres and address) City of South Bend 227 W. Jefferson Blvd, Suite 1316 South Bend, IN 46601 SURETY: (''nine, legals/a/us avid principal place of huviness) Old Republic Surety Company P. O. Box 1635 Milwaukee, WI 53201-1635 Malling Address for Notices 1411 Opus Place, Suite 450 Downers Grove, IL 60515 BOND AMOUNT: $ 5% Five Percent of Amount Bid PROJECT: (,Vance, locallon or address. and Project inunher, if aiti j 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. EIFS Work Three Twenty at the Cascade, 320 E. Colfax Avenue at St. Joseph River, South Bend, IN 46617 - Project# 118-074-B-R The Contractor and Surety are bound to Ilia Owner in the amount set forth above, for ilia 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 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 may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the 1'rgiect 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 perlimn the work covered by.said bid, then this obligation shall be null and void, otherwise to remain in lull lbrce and ellect. The Surely hereby %vaives any notice ol'un agreement between the Owner and Contractor to extend the line in which the Owner may accept the bid. Waiver ol'nutice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time liir acceptance ol'bids speciled in the bid documents, and the Owner and Contractor shall obtain the Surety's consent liir an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to n Contractor, the term Contractor in this Bond shall be dccmcd to be Subcontractor and ilia term Owner shall be dccmcd to be Contractor. When this Bond has been lurnished 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 requirenienl shall be deenied deleted herelFont and provisions coniimning to such statutory or other legal requirement shall be deenied incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a connnon law bond. Signed and scaled this 12th day of March, 2019 (li'llrr iA4 ra J k*v� (!f'inresa) Christina L. Garry Skyline Plastering, Inc. (P)irrclpal) (Seal) Old Republic Surety Compan ; OIIiORAT� o (Srrr e n9 rst«p SEAT !!!plGCI PEiVYO (7`llle Moore orney-in- ac �,,,w�` Isll-' / S-0054/AS 8/10