Opening of Bids - Two (2) More or Less, 2020 or Newer, 18,000 Lb. Four Wheel Drive Chassis with Dump Beds - Spec O - Jordan Ford

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Document A31OTM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Nome, legols'1nlnrnndnrkGe) (A'm+m, legal anmtxmrdpnnclpnlpGrce rr(hro'i+arcs) Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company 609 E. Jefferson Boulevard 440 Lincoln Street This document has Importantlegal consequences. Consultation Mishawaka, IN 46545 Worcester, MA 01653 with an attorney is encouraged Will respect to Its completion or OWNER: modification. (Nain, fugnls/noermedaddress) Any singular reference to City South Bend contractor, Surety, Owner or other party shall be, considered 1045 West Sample Street plural where applicable. South Bend, IN 46619 BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: (,tiara, locollmtorndd5mcc mxii'miecrmrmber, I/m{t) Two More or Less, 2020 or Newer 18000 Lb. Four Wheel Drive Chassis with Dump Beds, Spec O The Contractor and Suretyarabound to the Owner in the amount set forth above, for the payment ofw•hieh file Contractor and Surety bind themselves, their heirs. executors, administrators. successors and assignsjoinflyand severally, as provided herein. The conditions of this Bond am such that if de Owner accepts the bid of the Contractorwithin the time specified in the bid documents, or within such time period as may, be agreed to by the Owner and Contractor, and the Contractor either(l) enters into a contract with the Owner in accordance with the terns of ..It bid, and gives such bond or bonds as may be specified in ate bidding or Contract Documents, with a surely admitted in the jurisdiction of the Project and othenvise acceptable to file Owner, for the faithful performance of such Contract and for the prompt payment of labor and material famished in [lie prosecution thereof, or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which tile Owner may in good faith contract with another paty to perlitml the work covered by said bid, then this obligulian shall be null and void, otherwhic to remain in full time and effect. The Surety hereby waives any notice ofare agreement between Lite Owner and Contractor to "lead lite time in which lit. Owner may accept tine bid. Rraiverof ix, ice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the tin. lam accepmnce of l ids specified in 11. bid documents, and the Owner and Contrautnr shall obtain the Sumly's consent tier all extension beyond sixly(60)dayx. Ifthis Bond is issued in confection with a subcontractors bid to a Contractor, the teal Contractor in this Bond shall be deemed to be Subcontractor and the term Ouna shell be deemed to be Contractor. Witen This Band bus been 1'umished In enmpiy svilh a stalulory or other legal requiremetn in the locatinn orthe Project, any provision in this Bond conflicting with said slululury or legal requirement shall be deemed deleted herefrom and provicians mndimning to such statutory or other legal requirement shall be damned incorporated herein. When so furnished, the iincnt is that Ibis Band shut] be conslmed usu slululary bond and not as a common law Mmd. Signed and stated this 1Oth doyof November, 2020 rut eery Jillseph L. baska Jordan Automotive Group dba Jordan Ford (Prindynl) By0-_---- (17111) Con�xohi�f The Hanover Insurance Company LSnrvN) v,, By: eix mik)Kelie A. Meyer Attorney -in -Fact Surety Phone No. 508-853-7200 x-4476 S-0054/AS 8110