Opening of Bids - Demolition of South Bend Medical Foundation Proj No. 123-076 - The MRD Group Inc.

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Bond No.: B 1312784 Selective Insurance Company of America 40 Wantage Avenue Branchville, New Jersey 07890 973-948-3000 AIA Document A310 BID BOND KNOW ALL MEN BY THESE PRESENTS, that we The MRD Group, Inc. 4777 W. Lincoln Avenue West Milwaukee, WI 53219 (Here insert full name and address or legal title of contractor) as Principal, hereinafter called the Principal, and Selective Insurance Company of America City of South Bend Indiana Board of Public Works 731 S. Lafayette Blvd. South Bend, IN 46601 (Here insert full name and address or legal title of owner) 5'/o Percent of the Total Bid (S 5% Percent) for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Demolition of the South Bend Medical Foundation: 531 Main Street, South Bend, IN 46601, Project Number 123-076 (Here insert full name and address and description of project) NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee 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. Signed and Sealed this 17th day of May 2024 (Witness) The MRD Group, Inc. &,t44 I (Prin ' 1) (Seal) (Title) YC6l!✓oiif SELECTIVE INSURANCE COMPANY OF AMERICA Attomm-Facgq!( "`^` e Jason Braata�, ��,,_ 1926 "Printed in cooperation with the American Institute of Architects (AIA) by the Selective Insurance Company language in this document conforms exactly to the language used in AIA Document A310, February 1970 edition." AIA DOCUMENT A310•BID BOND-AIA ® • FEBRUARY 1970 ED•TIRE AMERICAN INSTITUTE OF ARCHITECTS,1735 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 B-203 (12/92)