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Opening of Bids - Demo 1000 W. Sample St. (Former Fun FX Bldg.) Proj No. 123-014 - Indiana Earth
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Opening of Bids - Demo 1000 W. Sample St. (Former Fun FX Bldg.) Proj No. 123-014 - Indiana Earth
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2/13/2024 2:53:22 PM
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Board of Public Works
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Projects
Document Date
2/13/2024
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wAIA Document A31OTM Ao��o <br />CONTRACTOR: SURETY: <br />(Name, legal stahts and address) (Nmne, legal status and principal place <br />Indiana Earth, Inc. of business) <br />Swiss Re Corporate Solutions America Insurance Corporation <br />10343 McKinley Highway 1200 Main Street, Suite 800 This document has important legal <br />Osceola, IN 46561 Kansas City, MO 64105 consequences. Consultation with <br />OWNER: an attorney is encouraged with <br />(Name, legal status and address) respect to its completion or <br />CAO Enterprises L.L.C. <br />5610 Grape Road <br />Mishawaka, IN 46545 <br />BOND AMOUNT: ***FIVE PERCENT OF AMOUNT BID*** <br />PROJECT: <br />(Name, location or address, and Project munber, if arty) <br />Demo of Fire Damaged Building <br />Any singular reference to <br />Contractor, Surety, Owner or <br />other party shall be considered <br />plural where applicable. <br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the <br />Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and <br />severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor <br />within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and <br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such <br />bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted <br />in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract <br />and for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to the Owner the <br />difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount <br />for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this <br />obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of <br />an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of <br />notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for <br />acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for <br />an extension beyond sixty (60) days. <br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall <br />be deemed to be Subcontractor and the tern Owner shall be deemed to be Contractor - <br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, <br />any provision in this Bond icting with said statutory or legal requirement shall be deemed deleted herefrom and <br />provisions conforming such statutory or other legal requirement shall be deemed incorporated herein. When so <br />furnished, the inte s that this Bond shall be construed as a statutory bond and not as a common law bond. <br />Signed and s ed this 1 day of February 20 <br />Indian , <br />X_,_, <br />(P incipal) i, (Seal) <br />ess)�� rp <br />(Title) <br />Swiss Re Corporate Solutions America-Insu' i r-orpQc tl6st �o <br />CI <br />� (Surety <br />(Wittre s) - <br />(Title)Thomas 0. Chambers, Attorney s!'FaolI <br />PROVIDED. HOiVEVER. r,eitlter Principal tior Surety shall be bound herermder indess Obligee prior to e-rectttiorr of the fined cmrirria shall fitriusli <br />evidence satisfacton• to Principal mid Surety• that frraurciug has been firmly committed to corer the entire cost of the project. <br />Irtit_ AIA Document A310— — 2010. Copyright @ 1963, 1970 and 2010 by The American Instilute of Architects. All rights reserver- WA 61Ni <br />Document is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this �kle' <br />any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible urale& <br />Purchasers are permitted to reproduce ten (10) copies of this document when completed_ To report copyright violations of AIA Contrai:1110t' <br />The American Institute of Architects' legal counsel, copyright@aia.org. <br />�Thi e w `J <br />epmen or <br />S�rrfents; s-rr41��i t' - ;'; <br />3 <br />p�'�rrlttlitllt�°``. <br />
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