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<br />SAIA Document A31 OTM -2010
<br />CONTRACTOR:
<br />(Narne, legal status and address)
<br />I IV [ echnologics, Inc.
<br />185 Bell Road
<br />Niles, MI,49120
<br />OWNER:
<br />(Nance, legal status and address)
<br />City of'South Bend hoard offlublic Works
<br />SURETY:
<br />(Name;, legal status arid principal place
<br />ot"business)
<br />FVC1 Insurance C'OnlpanN
<br />Sarasota. H.
<br />County -City Building l3th Floor, Room 1.310, 227 West Jefferson
<br />South [lend. IN 46601
<br />BOND AMOUNT:
<br />five Percent of the Fo[af Bid 5') 1) of I otal I lid
<br />PROJECT:
<br />(Narne, location or address, and project number, ifany)
<br />Century Center Fsports Arena
<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 />fhe Contractor and Surety are bound to the Owner in the ainoun( set forth above, for the payment of'which the
<br />Contractor and Surety bind themselves, then- heirs, executors, adrit inistrators, successors and assigns, jointly and
<br />severally, as provided herein. The conditions ofthis Bond are such that if the Owner accepts the bid of the Contractor
<br />within the time specified in the bid docurnents, or within such time period as may be agreed to by the (..)wrier and
<br />and the Contractor either ( I) 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 tire Owner, for the faithftil perfortriance ot'such Contract
<br />and For the prompt payment ()I'Iab(.)r and material furnished in the prosecution thereof- or (2) pays to the Owner the
<br />difference, riot. to exceed the amount ofthis Bond, between the afTIOUnt specified in said bid and such larger antOLtnt
<br />for which the ()wrier nray in good faith contract with another party to perforin the work covered by said bid, then this
<br />obligation shall he trull and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of
<br />at) 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 riot apply to any extension exceeding sixty (60) days it) the aggregate beyond the time for
<br />acceptance of bids specified in the bid clOCUrnents, and the (,)wrier and Contractor shall obtain the Surety's consent for
<br />air 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 terin Owner shall be deerned 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 herefrorni and
<br />provisions conforming to such statutory or other legal requirement shall be deerned incorporated herein. When so
<br />furnished, the intent is that this Bond shall be construed as a statutory bond and not as a COMIT1011 law bond.
<br />Signed and sealed this fill day of Septernher 2020
<br />I'llc I cc] niologies, Inc,
<br />Ntrl (Seal)
<br />�5510` (ritleXenneth A'X U' pert, Presindet
<br />f,'(. (1 InSlAranceconipan\
<br />(Surety
<br />(Witness)
<br />, t '
<br />critic toWe' i111 " act
<br />CAU1101C You shourM sugn art odgVnal A11A Contract DOCUrnerit, 01in which As text appears ln RED, Arii origins] assures thiat
<br />changes wHf iunot be obscured.
<br />AIA Document A3101" - 2010. Copyright �F) 1963 1970 and 2010 by The American Institute of Architects. All rights reserved, WARNWG� I his ALA"
<br />Docume"t is probected by U S, (,opyrlW,it I aw and nternatioinW q'reafies, Unauthohzed reproduction or distflbubon olf this AlIA" ll)ocurwient, or
<br />any poftkon of it, may result in severe, civit and crilirvirnar Ipeinaitirae, and wili The prosecuted to the irnax6nnurn extent possiblle undertram law.
<br />Purchasers are permitted to reprOdUce ter) (10) copies of this document when completed. To report copyright violations of AIA Contract Documents, e-mail
<br />The American Institute of Architects legal counsel, copyright@,aia.org 061110
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