Opening of Bids - Spec E - One or More 2019 or Newer One-Ton Crew Cab Four Wheel Drive Pickup Truck - Jordan Ford

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I ocument A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: ('b'inne, legal slafrrs and address) (;Fame, legal slafas and principal place r f t idiness) 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. (Name, legal slalrrs and address) 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: (Name, locaflon or address, and Project number, if mti) Spec E - One (1) or More 2019 or Newer One -Ton Crew Cab Four Wheel Drive Pickup Truck The Contractor and Surety arc bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their hairs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond arc such that if the Owner accepts ilia 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 %vith the Owner in accordance with the terns 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 ju risdiction of the Project and otherwise acceptable to ilia Owner, for the faithful performance of such Contract and for ilia prompt payment of labor and material fumished 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 perlbnn the work covered by said bid, then this obligation shall be null and void, otherivise to remain in full brae and ell'eel. The Surely hereby waives any notice ol'an agreement between the Owner and Contractor to extend the line 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 (lie lime for acceptance ol'bids specif ied in the bid doe itnients, acid the Owner and Contractor shall obtain the Surety's consent li)r an extension beyond sixty (60) days. If this Bond is issued in connection with n subcontractor's bid to a Contractor, the temt Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be cleaned to be Contractor. When (his Bond has been furnished to comply with a statutory or other legal requirement in the location ol'the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herelioni and provisions conlbrniins to such statutory or other legal requirement sliall be deemed incorporated herein. When so lumished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed acid scaled this 23rd day of April, 2019 (Ilrifllel',IJ ri B raTie- Jordan Automotive Group dba Jordan Ford (Principal) By, (fifl�) (Amrviererra.Q 1{'/C�'�eu..�rW� M�v'. The Hanover Insurance Company (Tifle)Meg L. Burns- asty torney-in-Fact Surety Phone No. 508-853-7200 x-4476 S-00541AS 8110