Opening of Bids - Spec H - 17 More or Less 2019 or Newer Mid Size Four Door Hybrid Sedan Automobiles - Jordan Ford

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Document 310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: ('b'anre, legal sfalus and address) (;Winne, legal status and principal place r f 8awhiess) 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. (,'Fame, 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: (,Vama, location or address, and Pr%cl nrnnb r, if met) Spec H - Seventeen (17) More or Less 2019 or Newer Mid -Size Four Door Hybrid Sedan Automobiles 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 tine specified in the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor tither (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'rolcct and otherwise acceptable to ilia 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 peribrin (lie work covered by said bid, then this obligation shall be null and void, otherwise to remain in full fierce and ellect. The Surety hereby waives any notice ol'an agreement between the Owner and Contractor to extend the lime in which the Owner may accept the bid.1&laiver of notice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond (lie time leer acceptance ol'bids speci lied in the bid doetunents, and the Owner and Contractor shall obtain the Surety's consent fir an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid ton Contractor, the teen Contractor in this Bond shall be deenicd to be Subcontractor and the teen Owner shall be dccmcd to be Contractor. When this 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 herePront 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 stauitory, bond and not as a common law bond. Signed and scaled this 23rd day of April, 2019 r �/vv)' /irl OI"lrrrcrcv�s ty rat e Jordan Automotive Group dba Jordan Ford (Principal) (Seal) (Tills) r"^^i 1''n�-r- ti The Hanover Insurance Company tl,Sarr rf (Seal) B„ � C (T 11e) egan . Burns -Hasty ttorney-in-Fact Surety Phone No. 508-853-7200 x-4476 S-0054/AS 8110