Opening of Bids - Demo 1000 W. Sample St. (Fun FX Building) Proj No. 123-014R - Alpine Demolition

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Xame, legal.viams and address) Alpine Demolition Services, LLC 3515 Stern Avenue St. Charles, IL 60174 OWNER: [,Varne, legal slakes and address) City of South Bend 227 W. Jefferson Blvd. South Bend, IN 46601 SURETY: (Neinre, legal slalus mid principal place r f hucines.ti) Selective Insurance Company of America 40 Wantage Avenue Branchville, NJ 07890 Mailing Address for Notices BOND AMOUNT: $ 5% Five Percent of Amount Bid PROJECT: (,'Fame, location or address, midPrgjecl number, ber, ifan,l) This document has important legal consequences. Consultation with an attorney is encouraged with respect to Its completion or modification. Any singular roferonce to Contractor, Surety, Owner or other party shall be considered plural where applicable. Demolition of 1000 West Sample Street (Former Fun F/X Building). Project No. 123-014R The Contractor and Surety are bound to the Owner in ilia amount set forth above, for the payment of which the Contractor and Surcty bind theniscivcs, Ihcir hairs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond arc such Ilia( if Ilia Owner accepts the bid of the Contractor whhin the time specified in the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and (lie Contractor either (1) enters into a contract with (lie Owner in accordance will the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Docuntcnts, with a surety admitted in thc,iurisdiction of the Proicct and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material famished in the prosecution thereof or (2) pays to the Owner the difference, not to exceed the amount of this Dond, bcl%vicen the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlllrnl file work covered by said hid, Ihen this obligation shall he mill and void, otherwise to remain in hill three and ellecl. -1 he Snrely hereby ivuives any notice ofan agreement belweeii the Owner and Contractor to extend the lime in which the Owner may accept (lie hid. Waiver ol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time lilr acceptance ul' bids specified in the bid documents, and the Owner and Contractor shall obtain the Surely's consent loran 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 dccnicd to be Subcontractor and the term Owner shall be dccnicd to be Contractor, When this Bond has been furnished to coni ply tivith a slatulory or other legal requirement in the location of ilie Project, any provision in this Bond conflicting iwilh said statutory or legal requirement shall be deemed deleted herefroin and provisions confl7nnin4 to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a slatatory bond and not as a common law hand. Signed and scaled this 26th day of March, 2024 (lrimex) Diane M. Rubright Alpine Demolition Services, LLC (Principal) By; (Till:) i�e!/i �(11eJ�/�, tare_siePri�'�— (Seal) Selective Insurance Company of America (Surer)) (Seal) By; UW< . (Two) Step n T Kazmer orney-In-Fact i'L Co,?/PqP iiiLL i SFAS_ m �. JERG S-0054/AS 8110