Opening of Bids - Demolition of South Bend Medical Foundation Proj No. 123-076 - Renascent, Inc.

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U0 Fidelity and Deposit Company of Maryland U0 Colonial American Casualty and Surety Company Horne Office: 1299 Zurich Way Schaumburg I1. 60196 AAA Document 310 - 2010 Bid Bond CONTRACTOR (Name, legal status and address): Renascent, Inc. _ 6325 Diaital Way. Ste 300 Indianapolis, IN 46278 OWNER (Name, legal status and address): City of South Bend 227 W. Jefferson Blvd. South Bend IN 46601 SURETY (Name, legal status and principal place of business): Fidelity and Denj2,cJJCom{2any of Ma and 1299 Zurich Way, 5th Floor Schaumburg, IL 60196-1056 Bond Amount: 5% Five Percent of the Base Bid Plus Any Alternates PROJECT: (Name, location or address, and Project number, if any): Demolition of the South Bend Medical Foundation, 531 N. Main Street, South Bend, IN; Project No. 123-076 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, sueo[saors and assigns, jointly and severally, 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 fire period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters in to a contract with the Owner in cccard mce wi lh the terms of such hid, and gives such bond or bonds as may be specified in the bidding or Contract Oacuments, with a surety admit red in the jtuisdictiort of the Project and otherwise acceptable to the Owner, for the faitbllrl perrammanee of such Contract and for the prompt payment of labor and material lirmisbed in dm prosecution thcreo$ er (2) pays to the Owner the dif brence, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount rur 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 fall farce 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 cx[cEmon exaecding sixty (60) days in the aggregate beyond the dme for acceptance of bids specified in fire bid documents, and the Owner and Con true tor shall obtain the Suteiy'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 term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed by the Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any prov'W'D t in _ this Bond conflicting with said statutory or legal requirement shall be deemed deleted here from and provisions conforming to Vwith statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond smt genas construed as a statutory bond and not as a common law bond. �� . Signed and s4ed thj,R 281h day of Mav 2024 Renascent, Inc. (Titic)Luite Fray, Direck0ol i Fidelity and Deposit Company of Language conforms to AIA Document A310 Bid Bond WD70001=311f �.,ANA,.• ,� act 01,11rlttattttt+tt��►�A