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S.-AIADocument A31011 - 201
<br />CONTRACTOR:
<br />(Name, legal status and address)
<br />Pemberton -Davis Electric, Inc.
<br />916 E. McKinley Ave
<br />Mishawaka, IN 46546
<br />SURETY:
<br />(Name, legal status and principal place
<br />of business)
<br />Great American Insurance Company
<br />301 E. 4th Street
<br />Cincinnati, CH 45202
<br />OWNER:
<br />(Name, legal status and address) City of south Bend
<br />BOND AMOUNT: Five Percent of the Amount Bid
<br />($ 5% of Bid
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Ewing Avenue and Fellows St. Traffic Signal Project No. 118-097
<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 />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 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. When 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 thil- 12th day of venaber 2019
<br />PR*raa at.cara D"t 5 F tr Inc
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<br />Init. AIA Document A310 "4 ., 2010, Copyright 103, 1970 emd 2010 by The Arnoricaru inasinuto of Archilects. All rights reserved. 4V'ANNINGa This AlAa
<br />Document Is protected by t ,e. Copyrighl. Law and InteroslNoraal Treaties, unauthorized raprodurction or distribution of this AtAa Docuraaent, or
<br />any pariton of IL may result In severe civil and criminal penalties, and until be prosecuted to lho maximum extent possible trader the tow,
<br />1 PuTchasons are Pe nrdtted to reproduce teen (10) copies of this documamt whew comPtsled l"o report copyright violations of AIA Cohbact DocaunwrJits, e.a Vi
<br />The Ameno"sn loslalul..o of Architacts" Ingal caaatnsotycopy6ghlatm.org. 'wa a'l
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