Opening of Bids - Drewry’s Brewery Cleanup, Phase I Proj No. 119-031C - Renascent

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Fidelity and Deposit Company of Maryland ffo Colonial American Casualty and Surety Jww-91, Company Home Office: 1299 Zurich Way Schaumburg I1. 60196 AIA Document 310 - 2010 ]Bid Bond CONTRACTOR (Name, legal status and address): Renascent, Inc. 6325 Digital Way, Ste 300 Indianapolis, IN 46278 OWNER (Name, legal status and address): City of South Bend 227 W. Jefferson Blvd. South Bend. IN 46601 Bond Amount: 5% Five Percent of the Total Bid SURETY (Name, legal status and principal place of business): Fidelity and Deposit Company of Maryland 1299 Zurich Way. 5th Floor Schaumburq, IL 60196-1056 PROJECT : (Name, location or address, and Project number, if any): Drewry's Brewery Cleanup, Phase I - Outbuildings and Demolition Debris; Project No. 119-031 C The Contractor and Surety are bound to the Owner in the amount set fortis above, for the payment of wltich the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severalty, as provided herein. The conditions of this Bond are 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 citllcr (I) enlcrs in eo a aantract 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 acceptable to the Otivner, for the faithful perrormance of such Contract and d for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to %Ile Owner the difference, not to exceed the amount of this Bond. between the amount specified in said bid and such larger amount ror which the Owner may in good faith contract with another party to perform the work covered by said bid, then this obligation shall 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 or bids specified in the 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 tern, Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed by the Contractor. 1,1„1111'1I,"lryr When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Pro ��OG*[, ann;a+TL�, rr•• this Bond conflicting with said statutory or legal requirement shall be deemed deleted here from and provisi71confdr �+••, statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is fat this Bond s construed as a statutory bond and not as a common law bond. Vl+ Signed and seal d this 26th day of March 2024 _� �:• Renascent, Inc. :► (LvitntSs} Samuel Fray (Seal) B rinci ti,t,11 NI I!Ilr, Sst Gargp''4• (Title)LUke Fray, q' cto�•D� siimating , ��►�'` _mom ...........%� '-' Fidelity and Deposit Company ❑ l"4f� lei' (Witness) Andrew A. Lanphere 5= (Surety) {Ti e)ICa th yn . Postma, Attorney -in -Fact 'r%rr //linois 0111 r'rl17, 1111 S51y5 Language conforms to AIA Document A310 Bid Bond B ID70001 ZZ031 1 f