Opening of Bids - Nexus Center Roof Replacement Proj No. 121-064A - Midland Engineering Co., Inc.

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Document A310 TM -2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Midland Engineering Co., Inc PO Box 1019 South Bend, IN 46624 OWNER: (Nance, legal status and address) SURETY: (Name, legal status and prinetpal place ( f bcrs•iness) The Cincinnati Insurance Company P.O. Box 145496 Cincinnati, OH 45250-5496 Mailing Address for Notices same as above City of South Bend Indiana Board of Public Works 227 W. Jefferson St. South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (Sance, location or address, audPrgjectnumber. ifar;g) Nexus Center Roof Replacement 3607 S Main St, South Bend, IN 46614 This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. The Contractor and Surety are bound to the Otvocr in the atnount 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 herein. The conditions of this Bond arc 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 tither (1) enters into a contract with the Owner in accordance with the terns 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 !'reject 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 diffcrenco, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlbrnt the work covered by said bid, lhen this obligation shall be mull and void, otherwise to remain in I ull lbrce and elleet. The Surety hereby waives any notice Of un agreement behveen the Owner:ntd Contractor to extend the time in which the Owner may accept the hid. Rraiverol'natice by the Surety shall not apply to ally extension exceeding sixty (60) days in the aggregate beyond the time ibr acceptance ol'bids specif ied in the hid documents; and the Owner and Contractor shall obtain tho Surety's consent for all 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 tern Owner shall be deemed to be Contractor. When this Mond has been furnished to comply with a statutory or other legal requirement in the location ol'the project, any provision in this Bond conflicting %with said Statutory or legal requirement shall be deemed deleted herel'rom and provisions conlbmting to such slutulory or other legal requirement shall be deemed incorporated herein. When so luniished, the intent is that this mond Shall be construed as a statulon* bond and not as a common law bond. Signed and seated this 13th day of December, 2022. (11'(uccss) Kenneth A. Sage, Secretary 1L— (Wince. - - I - 6 S•0054/AS 8110 Midland Engineering Co., Inc. (Prdnclpal) (Seal) (!'trky Michael 1. Frahn, CPA - President/CEO The Cincinnati j surance Compan`saui°°� (Sureq) _ (Seal) i CORPORATE % S E A L S (l e use, Attorney -in- act