Opening of Bids - North Shore Drive Bank Stabilization Proj No. 118-005A - Northern Indiana Construction Co., Inc.

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OHIO FARMERS INSURANCE COMPANY One Park Circle, P O Box 5001, Westfield Center, Ohio 44251-5001 KNOW ALL MEN BY THESE PRESENTS, that we NORTHERN INDIANA CONSTRUCTION CO., INC. P.O. Bog 1333. 55803 Dogwood Road. Mishawakp, IN 46545 as Principal, hereinafter called the Principal, and OHIO FARMERS INSURANCE COMPANY, Westfield Center, Ohio 44251, a corporation duly organized under the laws of the State of Ohio, as Surety, hereinafter called the Surety, are held and firmly bound unto BOARD OF PUBLIC WORKS, CITY OF SOUTH BEND, INDIANA County -City Building Room 1316, 227 West Jefferson Street, South Bend, IN 46601 as Obligee, hereinafter called the Obligee, in the sum of FIVE PERCENT OF TOTAL AMOUNT BID Dollars ($ for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Project -No: 118-005_A - North Shore Drive Bank Stabilization Project: NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 8th day of DECEMBER 2020 NORTbt6RINDIANA CONST UCTION INC. 4/P� �) . fSealid J. Walor President (Title) Ohio Farmers Insurance Company (Surety) (Seal) , & C � Y� 4� � t S. Annette Mullet, 44ttorney in Fac (Title) 1 Printed in cooperation with the American Institute of Architects (AIA) by the Ohio Farmers Insurance Company. The language in this document conforms exactly to the language used in AIA Document A310, February 1970 edition. BD5084 OF (11/97)