Opening of Bids - Vested Interest Building Roof Repair Project No 119-049 - Midland Engineering

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Midland Engineering Co., Inc. PO Box 1019 South Bend, IN 46624 OWNER: (Nacre, legal status and address) SURETY: (Name, legal stalus and P►i►rcipal place r f hnviues.>) The Cincinnati Insurance Company P.O. Box 145496 Cincinnati, OH 45250-5496 Mailing Address for Notices Same as above City of South Bend, Indiana - Board of Public W orks 227 W Jefferson Blvd South Bend, US1 46601 BOND AMOUNT: 5% Five Percent of Amount Bid 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. PROJECT: (,b'anre, location or address and Project number... if anO Vested Interest Building Roof Repair, Project No. 119-049, 251 East Sample St, South Bend, IN 46601 The Contractor and Surety are bound to the Owner in the amount sct forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assisns jointly and severally, as provided herein. The conditions of this Bond arc 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, jurisdiction of the Project and otherwise acceptable to the 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 perlbrin the wort: covered by said bid, then this obligation shall be null and void, otherwise to remain in full (orce and ellecl. The Surely hereby waives any notice ol'an agreement between the Owner and Contractor to extend the time in which the Ownermay accept the bid. R'aiver of notice by the Surely shall not apply to any extension exceeding sixty (60) days in (lie aggregate beyond Elie time Ibr acceptance ol'bids specilied 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 %vith a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be docnied to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been lilrnished to comply with a statutory or other legal requirement in the location of the Project; any provision in this Bond conflicting %villl said slalu10ry' or legal requirement silall be deemed deleted herelroril and provisions conlimning to such statutory or other legal requirement shall be deemed incorporated herein. When so f urnislled, the intent is that this Bond shall be construed as a statutory bond and not as a co111111on law bond. Signed and scaled thi 10th day of September, 2019, Kenneth A. Sage, Secretary Midland Engineering Co., Inc (Principal) (Seal) By; �k �14 " z ifille) llid-iael W. Frahm CPA — Presiclerlt/CET /CEO p�,cr The mcihw ati Insurance Company U Chi r,cle ouse Attorne in- art cw S-0054/AS 8/10