Opening of Bids - Commerce Center Arch Precast Concrete Panels Project No 119-030 - Coreslab Structures Inc

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Liberty MutuaL SURETY Document A,31OTM -2010 Conforms with The American Institute of Architects AIA Document 310 CONTRACTOR: (Name, legal status and address) Coreslab Structures (Indianapolis) Inc. 1030 S. Kitley Avenue Indianapolis, IN 46203 OWNER: (Name, legal status and address) City of South Bend 125 South Lafayette Blvd., Suite 100 South Bend, IN 46601 SURETY: (Name, legal status and principal place of business) Liberty Mutual Insurance Company 2200 Renaissance Blvd., Suite 400 King of Prussia, PA 19406 Mailing Address for Notices Liberty Mutual Insurance Company Attention: Surety Claims Department 2200 Renaissance Blvd., Suite 400 King of Prussia, PA 19406 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. BOND AMOUNT: Five Percent of Tender Price (5% of Tender Price) PROJECT: (Name, location or address, and Project number, if any) Furnish, Install and Caulk Precast Pieces. Commerce Center Mixed Use Development - Phase 1 Building Core and Shell Architectural Precast Concrete Panels, Project No. 119-030. 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 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 j orisdiction of the Project and otherwiseacceptable to the Owner, for the faithful performance of .such Contract and for the prompt payment oflabor 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 perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety 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 (he Surety shall not apply 14) any extension exceeding sixty (60) days in the aggregate beyond the time for :acceptance of bids specified in the bid documents„ and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term 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 furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom 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 statutory bond and not as a common law bond. Signed and sealed this 14th day of May Yflt,,e,44" (ffoitrarssa� yi, 2019 Coreslab Structures lndtana aoli;s Inc. (Principal) (Seal) (Title) Liberty Mutual Insurance Com an (Surety) (f tote.. • .X/14 Q . ._. Bide �ar 11. "a�f�ekra �.Attln n+�,y-ia��l`awak,) LMS-10054 08/10