|
Init.
<br />Bid Bond
<br />CONTRACTOR:
<br />(Name, legal status and address)
<br />Michiana Contracting, Inc.
<br />P. O. Box 929
<br />I I I
<br />SURETY:
<br />(Name, legal status and principal place
<br />of business)
<br />The Cincinnati Insurance Company
<br />Plymouth, IN 46563 Cincinnati, OH
<br />OWNER:
<br />(Name, legal status and address)
<br />City o1 Sotrth Bend Board of Public Works
<br />County -City Buitdiirg Room 1316, 227 We� t Jefferson Blvd
<br />South Bend, IN 46601
<br />BOND AMOUNT:
<br />Five Percent of the Total Bid
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Muessel Grove Public Restroom Renovation; Project No. I I8-099R
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney is encouraged with
<br />respect to its completion or
<br />modification.
<br />Any singular reference to
<br />Contractor, Surety, Owner or
<br />other party shall be considered
<br />5% of Total Bid plural where applicable.
<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 orother legal requitement in the location or the project,
<br />any provision in this Bond contlic`ting with said statutory or legal requireinent shall be deemed deleted herefironr and
<br />Provisions contormtng to such statutory or other legal requirement shall be deemed incorporated herein, When so
<br />furnished, the intent is that this Bond shall be construed as as statutory bond and not as a common law bond.
<br />Si ir.,rl and sealed this 4th day of October 2019
<br />'M.........
<br />_
<br />(Sea l)
<br />....- _ ......... ....(Witness) v
<br />(Fide) Scott Kir patri sident �._.,
<br />Cal.(Surety)�nm
<br />.....
<br />.The Cincinnati Insurance Company Seal)
<br />(Witness) �'� ...~( ritic)z'L. arosxntta 2"ttorne/m Fact
<br />CAt ,, Tp ay'tllloRm :ll IIIIII rttallld iign n ouimt� ilinalli AIA Conhavii III')oa �sruimsieflIlIll awuim o t " h iIIIIWaliis Ill xii aplllma,aui,s uin Illtll'i�ulllt. An om ghialll assures that
<br />cl,t"Att711`tCrt:
<br />......... ....------------------------ ........._._._. ._ .......................... ... .............__.............. _.......... -_................................................................................................ .......... .._....... ........ ....... ......_.........................m..., r
<br />AIA Document, AA3107"2010. Copyright 0 1963, 1970 anti 2910 by The Arnerican Institute of Archdpcts. All rights reserved. WAiMM, "t trots MA"
<br />Document k% protected by tffi & CopiyrtW,bt owns and iaroarrtattaroarasW real�ilemsWiauthim Ized reproduction on dWstw°tbution of 01N AIA"' Document, os.
<br />any yorikm of tltu may mistad In sevive ci,M and crtmieal puenottl'es, and mire be tmaramc utad taa tt>aw aausaataua HT1 aratrru0 ixmrstWe uundcu the Iasa,
<br />Nwchasers are permitted to reprodooe Ien t'19i copues of this document when completed, To report copyright violations of AIA Contract Documents, e-mail
<br />The Arnwican Institute of Architects° WagaI counsel, copyrightOala,org, OW10
<br />
|