Opening of Bids - The Hill TIF Project – Site Work Proj No. 123-030 - Majority Builders

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4„rli(i� AIA Document A31 OTM - 20 1 0 CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place Majority Builders, Inc. of business) Hartford Accident and Indemnity Company 62900 U.S. 31 South P. p, Box 2103 This document has important legal South Bend, IN 46614 Hartford, CT 175115 consequences. Consultation with OWNER: an attorney is encouraged with (Name, legal status and address) respect to its completion or City of South Bend Board of Public Works modification. County -City Building Room 1316, 227 West Jefferson Blvd Any singular reference to South Bend, IN 46601 Contractor, Surety, Owner ar BOND AMOUNT: other party shall be considered Five Percent of the Total Bid 5% of Total Bid plural where applicable. PROJECT: (Name, location or address, and Project number, ifany) 'The Hill' TF Project - Site Work, Project No. 123-030 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 herein. The conditions of this Bond are stilt that if the Owner accepts the bid ❑f fhe 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 aceeptab Ic 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 13ond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this obligation shah 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 rite 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 terns Contractor in this Bond shall be deemed to be Subcontractor and the tern 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 herefrom and Provisions conforming to such statutory or other legal requiremcnt shall be decined incorporated herein. When so . furnished, the intent is that this Bond shall b anstrued as a statutory bond and not as a common law bond. �F Sigtte d sealed this 17th d y of April 2023 1pr- (Sea1) 5'! ,iWifness} (Title) Rzck Sir President Hartford Accident and In mnity Comoany (Surety) (Witness) _ (Title) Je er L. Ka znia, A orney-in-Fact ro� CAUTION: You should sign an original AIA Contract Document, on whigo4his text appears In RED. An original assures that chansies will not be obscured. AIA Document A3101— 2010. Copyright 01963, 1970 and 2010 by The American Instilute of Architects. All rights reserved. WARNING: This Al e Init. Document is protected by U.S. Copyright Law and International Treaties. unauthorized reproduction or distribution of Ihis Me Document, or any poMon of It, may result In severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under tha taw. 1 Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract DCWurnents, e-mail The American Institute of Architects' legal counsel, copyright@aia.org. OVi IG