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I
<br />0,1-AIA
<br />Document ,-2010
<br />Bid Bond
<br />CONTRACTOR:
<br />SURETY:
<br />(Name, legal status and address)
<br />(Name, legal status and principal place
<br />R & R Excavating, Inc.
<br />of business)
<br />2010 Went Avenue
<br />Merchants Bonding Company (Mutual)
<br />This document has important legal
<br />Mishawaka, IN 46545
<br />West Des Moines, IA
<br />consequences. Consultation with
<br />OWNER:
<br />an attorney is encouraged with
<br />('dame, legal status and address)
<br />respect to its completion or
<br />City of South Bend Board of Public Works
<br />modification.
<br />County -City Building Room 1316, 227 West Jefferson Blvd
<br />Any singular reference to
<br />South, Bend, IN 46601
<br />Contractor, Surety, Owner or
<br />BOND AMOUNT:
<br />other party shall be considered
<br />Five Percent of the Total Bid
<br />( 5% of Total Bid )
<br />plural where applicable.
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Drewry's Brewery Cleanup; Project No. 119-031A
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the
<br />Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and
<br />severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor
<br />within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and
<br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such
<br />bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted
<br />in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract
<br />and for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to the Owner the
<br />difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount
<br />for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this
<br />obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of
<br />an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of
<br />notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for
<br />acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for
<br />an extension beyond sixty (60) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall
<br />be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
<br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,
<br />any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and
<br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein_ Wlten so
<br />furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 22nd day of July 2019
<br />R & R lixa.aavatmg, Inc.
<br />(Principal) (.... )
<br />_ ._ Seal
<br />(°1"i't.e) William Loudin, President
<br />-Merchants ,, aal)
<br />s Ilondrn Compauy (Ivltatr... -
<br />(Surety) (Seal)
<br />(t ttV) miffer L. K a4rnro„ AKkgrt4acy in Fact
<br />CAlJTIIIONS: ou.a sllhmou lld sigi n aaurt oirigiinal AIA t"ta� nturact IIf7ocuunaeuil oul h` h thus text appears lun RED. Art oriughnalll •assuaures that
<br />AJA Document lll 310 be
<br />2obscured.
<br />10. Copyright 1963 1070 and 2010, by fhre Arnerl�atituule otArcl rlects All rights reserved tit�rtV�VVI
<br />u haarmm a s wul...not ab squared �
<br />Init. *� "" Oar t"tate AtA�"
<br />Document hs pmtacfed troy UX, Copyrighf Lew and lnternaldonaal Trealhes„ Unnuthorlaeid reproduction, or ufistribubon of Bats AJAR"a Aocurnent, or
<br />any portion, of It, may result, in severe civil and c duraalnal penoatflesw, wirod MR be prosecuted to Him max0nmim extent possfte under the law.
<br />t Purchasers are per'rtottod to reproduce ten (10) copies of this document when completed, 10 report copyright violations of AIA Contract Documents, e- rnhiii
<br />The American Inslitule of Archhtects` legal counsel, cop,yright@aia.org, MI MI
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