Opening of Bids - Main & Jefferson Earthwork Project No 119-022 - Michels

Home Browse Search

'Document A310 Try - 2010 Conforms with The American Institute of Architects AIA Document 310 CONTRACTOR: (Name, legal status and address) Michels Foundations, a Division of Michels Corporation 1266 Orchard Road Montgomery, IL 60538 OWNER: (Nance, legal status and address) City of South Bend 227 W. Jefferson Blvd. South Bend, IN 46601 BOND AMOUNT: 5% SURETY: (Name, legal status and principal place r f beeriness) Continental Casualty Company 151 N. Franklin Street Chicago, IL 60606 Mailing Address for Notices Five Percent of Amount Bid PROJECT: (.'Farce, location or address andl'rojectnumber. lfrnit} Main & Jefferson Earthwork, Project No. 119-022 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. 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 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 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 perlirrm the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full three and ellecl. The Surely 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 Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the linne l*or acceptance of bids speciled in the bid documents, and the Owner and Contractor shall obtain the Surety's consent 12u an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the terns 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 of the Project, any provision in this Bond conllictine with said statutory or legal requirement shall be deemed deleted herelrom and provisions conllonning to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished. the intent is that this Bond shall be liji inirr as a statutory bond and not as a common law bond. O R4 Signed and scaled this 26th day of March, 2019. (!1"lrcress) (Witness) Michels Foundations, a Division of Mich or (Principal) B (Title)' 1 sw Continental Casualty Company CORPO 4T (Sure►}) (�5��e� _ � SEA 1897 S-00541AS 8110