Opening of Bids - Spec I - One or More 2019 or Newer 18,000lb Four Wheel Drive Chassis with Custom Flat Bed - Jordan Ford

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Document 13 O TM - 2010 Conforms with The American Institute of Architects AiA Document 310 Bid Bond CONTRACTOR: SURETY: (Nerme, legal slearrs and address) (Namo, legal stertus cord princlpal place of hnsincss) 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. (Naroe, legal staters 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, location or address, mrdl'rojectnranher, ifa►q) One (1) or More 2019 or Newer 18,000 Lb. Four Wheel Drive Chassis with Custom Flat Bed The Contractor and Surety are bound to the Owner in file amount set forth above, for the payment of which the Contractor and Surety bind themselves, their licirs, 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 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 (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as ntav 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 tho prompt payment of labor and material funtished in the prosecution thereof: or (2) pays to the Owner the difference, ttot 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 lirrce and ell'ect. 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. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time lirr acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent lbr an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid ton Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and (lie term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location ol'the project, anv provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted hereProm and provisions conlirmting to such statutory or other legal requirement shall be deemed incorporated herein. When so famished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Sighed and scaled this 23rd day of April, 2019 8 lit '�-et f1V!M,v,',+r) ' aarlssa U, Lecuyer Jordan Automotive Group dba Jordan Ford (Principal) (Ferrel) By: . �,."t , (Title) C o m rc\eiY-0 1 ett 1_s4e-5 ,/nej rr-. The Hanover Insurance Company (w�rreC"t � (SC[rl� W By; tMe)Meb4 L. Burns -Has' Attorney-In-Fac Surety Phone No. 508-853-7200 -4476 S-00541AS 8110