Opening of Bids - Ward Bakery Exterior Improvements Proj No. 121-061 - Slatile Roofing & Sheet Metal Co.

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RAIA Document A310T"" -2010 CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place Slattle Roofing & Sheet Metal Co., Inc, of busine=ss) 1703 S. Ironwood Drive Hudson Insurance Company This document has important legal South Bend, IN 46613 100 William Street, 6th Floor New York, NY 10038 cxumluep Consultation with OWNER: an attorney is encouraged with (Name, legal status and address) respect to its completion or City of South Bend modification. 227 West Jefferson Boulevard Any singular reference to South Bend, IN 46601 Contractor, Surety, Owner or BOND AMOUNT: ''FIVE PERCENT OF AMOUNT BID*" other party shall be considered plural where applicable. PROJECT: (Name, location or address, and Project number, if arty) Ward Bakery Exterior Improvements - Bid Package 1 - Masonry Rehabilitation The Contractor and Surety are bound to the Owner in 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 berein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within 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 (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the 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 amomn for which the Owner 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. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted hareftom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein Wben so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and sealed this 26th day of La tel (Witness, IML AIADocumentA310^'-2010. Copydgld01963,1970 and 2010 by The AmwFan lnstnule ofAmhiiems. All rights reserved. ill Document Is protected by U.S. Copyright taw and International Treaties. Unauthor'¢ad reproduction or distribution ofthis any portion of It. may rerun in severe civil and crhninal penalties, and will be prosecuted to the maximum extent possWle Purchasers are penmtled to mi ioduee ten (10) copies of this domrment when completed. To report copyngm violations of AIA Cont The Amedean Institute of Architects' legal counael, mpyright@ma.mg.