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Opening of Bids - Demo 1000 W. Sample St. (Fun FX Building) Proj No. 123-014R - Green Demolition
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Opening of Bids - Demo 1000 W. Sample St. (Fun FX Building) Proj No. 123-014R - Green Demolition
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3/26/2024 3:19:54 PM
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Board of Public Works
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Projects
Document Date
3/26/2024
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THE CINCINNATI INSURANCE COMPANY <br />CONTRACTOR (Name, legal status and address): <br />Green Demolition Contractors, Inc. <br />315 Brighton St, Suite 1 <br />La Porte, IN 46350 <br />OWNER (Name, legal status and address): <br />City of South Bend Indiana - Board of Public Works <br />227 Jefferson Blvd - County -City Building Room 1316 <br />South Bend, IN 46601 <br />BOND AMOUNT: <br />5% of Total Bid Amount <br />SURETY (Name, legal status and principal place of business): <br />THE CINCINNATI INSURANCE COMPANY <br />6200 S. GILMORE ROAD <br />FAIRFIELD, OHIO 45014-5141 <br />This document has important legal <br />consequences, Consultation with <br />an attorney is encouraged with <br />respect to its completion or <br />modification. <br />Any singular reference to <br />Contractor, Surety, Owner or <br />other party shall be considered <br />plural where applicable. <br />PROJECT (Name, location or address, and Project number, if any): <br />Demolition & Site Restoration - Demolition of 1000 West Sample Project Number, if any: <br />Street - 1000 W. Sample Street, South Bend, IN 46601 123-014R <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 <br />Contractor within the time specified in the bid documents, or within such time period as may be agreed to by the <br />Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the <br />terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with <br />a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful <br />performance of such Contract and for the prompt payment of labor and material furnished in the prosecution <br />thereof, or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount <br />specified in said bid and such larger amount for which the Owner may in good faith contract with another party <br />to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full <br />force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to <br />extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any <br />extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid <br />documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond the sixty (60) <br />days. <br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond <br />shall be deemed to be Subcontractor and the term 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 <br />Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted <br />herefrom and provisions conforming to such statutory or other legal requirements shall be deemed incorporated <br />herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a <br />common law bond. <br />41 <br />Signed and sealed this y17 day of hfe*re11 .zp.L -v <br />("Witness) <br />(Witness) <br />Green Demolition Contractors, Inc <br />(Seal) — <br />(Title <br />Michael Brough - President <br />THE CINCINNATI INSURA: 'CE COMPANY <br />6suret v y � eat) <br />(Title) <br />David S. Parrilli - Attorney -in -Fact <br />The Company executing this bond vouches that this document conforms to American Institute of Architects Document A310, 20 lC Edition. <br />S 2000 AIA (11/10) PUBLIC <br />
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