Opening of Bids - Century Center Esports Arena Proj No. 119-106CR - Martell Electric, LLC

Home Browse Search

Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Narne, legal status and address) (Name, legalstalus and inincilmlphice qfhaviness) Western Surety Company Martell Electric, LLC 151 N. Franklin Street This document has Important 4601 Cleveland Road Chicago, IL 60606 legal consequences, Consultation South Bend, IN 46628 Mailing Address for Notices with an attorney is encouraged 151 N. Franklin Street with respect to Its completion or modification, OWNER: (Name. legalytaffis and address) Chicago, IL 60606 Any singular reference to City of South Bend, Indiana Contractor, Surely, Owner or other party shall be considered Board of Pubfic Works plural where applicable. 227 West Jefferson Blvd, South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (h'ame, location or addrv= andl1roject number, Va;tiq Century Center Esports Arena, Project No. 119 - 11016CR Tile Contractor and Surety are bound to the Owncrin the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided hercin. Tile conditions of this Bond are such that if tile Owner accepts the bid of the Contractor within the time speciflod in the bid documents, or within such tinic period as iiiov be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract willi llic Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in flic bidding or Contract Documents, with a surety adinitted in the jurisdiction of the Protect and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in tile prosecution thereof, or (2) pays to the Owner the difference, not to exceed the alliolult of this Hoed, between the amount specified in said bid and such larger aniount for which the Owner may in good faith contract with another party it) pLrlbroi the work covered by said bid, than this obligation shall be null and void, otherwise to remain in fall forceand e&ct. The Surety licruby waives any notice ol . all agreement between tire Owner and Contractor to extend tile time in which the Owner may accept (lie bid. Waiver ol*notice by (lie Surety shall not apply to ally extension exceeding sixty (60) days in [lie aggregule beyond [lie lime tier ucceplunce ofbidsspuci lied in the bid docuruenis, and the Ownerand Contractor shall obtain the Surot)?s consent loran extwision, beyond sixty (60) days, If this Bond is issued in connection wifli a subcontractor's bid to Contractor, the tents Contractorin this Bond shall be docnied to be: Subcontractor and the term Owner shall be doonied to be Contractor. When this Bond has been I'antislied to comply with a %latolory or oilier legal requireintait in the location ol'tim project, ally PrOViSion in this Bond conflicting %vithsaid statutory or legal requirement shall be deemed deleted herelroin and provisiolm conl'onning to such slatulon, or other legal requirement shall be deemed incorporated herein. When so luniislied.. the intent is that this Bond shall be construed as a statutory bond and not as a coninion law bond. Signed and scaled this 27th day of July, 2020., Martell Electric, LLC -&KYWpap (Sea 1) By- (Tilky'john A. Bartell, FX6cutive Vice President Western Surety Company ""JJUU" E r" -A, . el By:(IUAA-�V % (Title,,) Colette R. Chisholm Attorney -in -Fact ...... S-00541AS 8110