Opening of Bids - Two (2) More or Less, 2020 or Newer, Mid-Size Four Door Hybrid Sedan Automobiles - Spec F - Jordan Ford

Home Browse Search

Document A31OTM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (lime. legal.sralrmandadrhess) (Name,legal.nmua nrrdpnnciprdpGrce r�hurinnss) 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 with respect to Its completion or OWNER: modification. (,Yana, lagalstanuandaddrus/ Any singular reference to City of 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: (,inure. location or address, mrdl'roJcctmnnher, iJarq) City of South Bend, IN, 2020 or Newer Med-Size Four Door Hybrid Sedan Automobiles, Spec F. The Contractor and Sump• are bound to the Owner in the amount set forth above, for the payment otAwhich the Contractor and Surety bind thcnhselvcs, their heirs asecmon, administrators, successors and merigns,jointlyand severally, as provided hcmin. The conditions of this Bond aro seat Knot if the Owner occcpts the bid of the Connector within the time specified in the bid documents, or within such time period as may be agreed to by Iho O vaer and Connector, and Iho Contractor either (I) enters into a contract with the Owner in accordance with the terms oforuch bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a mirmy admitted in ilia jurisdiction of ilia Project mid otherwise acceptable to the Oliver, for the faithful performance of such Contract and for the prompt payment oflabor and material furnished in Ore prosecution thereof. or (2) pays to the owner the difference, not to waxed ilia amount of this Bond, between Ilia amount specified in said bid and such larger amount for which tie Owner may in good faith contmet with another parry to perlitnn Ile work covered by said hid, then [his obligation shall be null and void, otherwise to remain in fall force ural etreat. The Surety hereby waives any notice elan agreement between the Owner and Connector to extend the time in which the Owner may accept the bid WaNcrol'nnlice by the Surety xholl not apply to any extension eseeeding laxly (60) days in the aggregate beyond the time lav acceptance ofbidx sWei lied in the bid documents, and Ibe Oliver and Connector xhull obtain the Surmyrs clinical fav an exlenxian beyond shx1y(60)days. Iftbis Bond is issued in connection with a subconimctoes bid too Contractor, the teras Contractor in this Bond shall be deemed to be Subcontractor and the terns Owner shall be deemed to be Contractor. When Ihix Band tax been famished to comply wilh a xtalmory or other legal requirement in the hwalinn ol'the Project, any pnwisian in this Blind cmifiming with mid statutory lir legal requirement %hall be deemed deleted IwmImm and provisions conforming to such xtommry or other legal requirement shall be deemed incorporated hcmin. When an Ibmished, [lie intent is that this Burnished be combined mx a smminry band and not as u common law brad. Signed and scaled this 24th day.of November, 2020 s-00541AS 8110 Jordan Automotive Group dba Jordan Ford (PrindynD (Swap By: The Hanover Insurance Company (S."009 J ,, masKellie A. Meyer Attorney -in -Fact Surety Phone No. 508-853-7200 x-4476