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SEIIITS, that we <br />RAM Construction Services of Michigan, Inc. <br />as Principal, hereinafter called Principal, and <br />Travelers Casualty andSCompany of America <br />One Tower Squanm,Hartfmrd, CT 06183 <br />u corporation duly organized under the |mwo of the State of �onnecticut <br />as Surety, hereinafter called 8unmty, are held and �rm|ybuund unto <br />City ofSouth Bend <br />227West Jefferson 0|vd,SouthBend, |N4GG15 <br />asObligee, hereinafter called Obligee, inthe sum of Five Percent ofAccompanying Bid <br />DuUom (5% of Bid <br />for the payment of which sum well and truly to be muda, the said Principal and the said Surety, bind oumewvv, vu/ <br />heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />(Here insert full name, address and description mproject) <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the <br />Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract <br />Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and <br />material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such <br />bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount <br />specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the <br />Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. <br />,�igned and sealed this 14th day of April 2020 <br />RAM Construction Services of Michigan, Inc. <br />Robert T Mazur (Tlf/e) President <br />Travelers Casualty and Surety Company of America <br />(Surety) (Seal) <br />Holly Nichols <br />INSTITUTE OF ARCHITECTS, 1135 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 <br />