Opening of Bids - SB - SBCSC Administration Building Renovation - Elevator Replacement Proj No. 124-001A - R. Yoder

Home Browse Search

Bid Bond CONTRACTOR: {,'44r))lc�, lcg(rl ,tcrt:rr a11d addi•c�caj R. Yoder Construction, Inc. 27453 County Road 150 Nappanee, IN 46550 Document A3101m - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: G'�'cuuc, legal stafrrs [l1Tlll)I711Ct1)lll j)llrCG' I f h1LS!)1G'.es) Euler Hermes Nvrth America Insurance Company 100 International Drive, 22nd Floor Baltimore, MD 21202 OWNER: {,Name, le e;al status and adUre�ss) Department of Public Works, City of South Bend 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: $ 5% Five Percent of Amount Bid This document has important legal consequences. Consultation with an attorney is encouraged with respect to Its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. PROJECT: co location or address a)1d l') o•%.•ct /11r111G�'r, if 4111v) Demolition and Construction of a Pair of Elevators at South Bend - SBCSC Administration Building 215 Dr. MLK Jr. Blvd., South Bend, IN Contract No. 124-001A The Contractor and Surety are bound to Qic Owner in the amount set forth above- for the payment of %vhich the Contractor and Surety bind themselves, their heirs, executors, administrators, sttcccssors and assigns, jointly and severally, as provided herein. The conditions of this Bond arc 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 either (1) enters into a contract with the Owner in accordance with the tcrnis 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 Protect and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt paynient of labor and material funiished in the prosecution thereof. or (2) pays to the Owner the difference, not to exceed the amount of this Bond, bet+wccn the amount specified in said bid and such larger aniount for which the Owner may in good faith contract with another party to peribrm the work covered by said bid, then this obligation shall be null and vo(d, otherwise to remain fit [till lbrce and effect. The Surety hereby halves any notice ol'an agreement between the Owner and Contractor to extend the time: in which the Owner may accept the bid. Waiver ofnotice by the Surely ~hall not apply to any extension exceeding sixty (60) days in the aggregate beyond (lie time tier acceptance ofbids specilied in the bid documents, and the Owner and Contractor ~hall obtain the Surety's consent for an extension beyond sixty (60) day~. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tenu Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deenicd to be Contractor. When this Bond has been titrnished to comply with a statuton• or other legal requirement in the location ul'the Project, any provision in this Bond cunlfictiitg with said statutory or legal requirement shall be deemed deleted herel'rum and provisions conliimting to such htututory or other legal requirement shall be deemed incorporated herein. When so limi(shed; the Intent is that this Bond shall be construed us a Statutory bond and not as a common law bond. Signed and scaled this 28th day of May, 2024 R. Yoder Construction, Inc. (P)7)reihal) � (Sera[) BY- ,.le•r7 (Title) or!�11Ft�,�10 Euler Hermes North America Insurance Company ,,..69• Q r, � 000 :40 so •gt��f�cP�} �tt�tpt By• F� Op :'#04 RRn ,•� o fTifleoPamela M. And rson Attorney -in -Fact ,1� '*'iiu�a•�`� '+'t,,1e►110 S-0054tAS 8/10