Opening of Bids - Spec A - Two or More 2019 or Newer 3-4 Ton Extended Cab Four Wheel Drive Pick Up Trucks - Jordan Ford

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Document A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Name, legal status and address) (Mane, legalstains and principal place r f huffiness) Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company 609 E. Jefferson Boulevard 440 Lincoln Street This document has important legal consequences. Consultation Mishawaka, IN 46545 Worcester, MA 01653 with an attorney is encouraged with respect to its completion or OWNER: modification. (Marrnc, legal stators and ad(ilress) Any singular reference to City of South Bend Contractor, Surety, Owner or other party shall be considered 13th Floor, County -City Building, Room 1316, 227 West Jefferson plural where applicable. South Bend, IN 46601 BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: (,'Vane, location or address and i'roJecl manlier, if ar�i) Spec A - Two (2) More or Less 2019 or Newer 3/4 Ton Extended Cab Four Wheel Drive Pick Up Trucks 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 licirs, excortors„ administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are such that if the Owner acccp'ts the bid of the Contractor within'the time specified in the bid documents, or within such tine period as may be agreed to by the Owner and Contractor, and the Contractor either (I ) enters into a contract with the Owner in accordance with the terms of such bid, attd 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 famished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified ill said bid and such larger amount for which the Owner may in good faith contract with another party to peribrin the work covered by said bid, then this obligation shall be null and void, otherwise to remain in ['Lill tierce and ell'ect. The Surely hereby waives any notice ol'an ugreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver ol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time tier acceptance ol'bids specilied in the bid documents, and the Otivner and Contractor shall obtain the Surety's consent liar an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tern 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 lurnished to comply with a statutory or other legal requirement in the location ol'lhe project, umv provision in this Bond conllicling with said statutory or legal requirement shall be deemed deleted herel'rom and provisions cunliimiing to such statutory or other legal requirement shall be deemed incorporated herein. When so tumished, the intent is that this Bond shall be construed US a statutory bond and not as a comnwn law bond. Signed and scaled this 9th day of April, 2019 (li'I/►ness) 'V?oF counfi�n2) (lIl/aac,ti",)Charissa D, Lecuyer Jordan Automotive Group dba Jordan Ford (Principal) (Seal) By (Title)ComrY.e%r-ate eet-,S'a l-es ✓v r The Hanover Insurance Company /1,) (Seal) t� At � By a I � ( 10 ega L. Burrs -hasty t orney-in- act Surety Phone No. 508-853-7200 x-4476 S-0054/AS 8/10