Opening of Bids - Drewry’s Brewery Phase II - Bottling House Demo Proj No. 119-031D - Renascent Inc.

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Fidelity and Deposit Company of Maryland ffo Colonial American Casualty and Surety S� Company Home Office: 1299 Zurich Way Schaumburg 11. 60196 AIA 17ocument 310 - 2010 Bid Sond CONTRACTOR (Name, legal status and address): Renascent Inc. 6325 Digital Wav, Ste 300 Indianapolis, IN 46278 OWNER (Name, legal status and address): City of South Bend County -City Building, 227 West 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 Pod De osit� Come)any ' Maryland 1299 Zurich Wav, 10th Floor Schaumburg, IL 60196-1056 PROJECT : (Name, location or address, and Project number, if any): Drewry's Brewery Cleanup, Phase II; Bottling House Demolition; Project No. 119-031 D 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 thcroselvas, their 1=cirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. Tho conditions of this Bond arc such that 1f the owner accepts the bid of lite 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 in to a contract with iltc 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 tttc jurisdiction of rite Project and otherwise acceptable to the Owner, for the fhithfuL per rormance of such Contract and for the prompt paymant of labor and material furnished in the prose 0ULie a thereof; or (2) pays to the Owner the difference, net to exceed rite amount of this Bond, behvccn the, amount specified in said bid and such larger amount for 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 fish force and effect_ The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend tile time in which rite Owncr may accept the bid. Wniver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and tite 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 term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed by the Contractor. NVhan this Bond has been tilrniSited to comply with a statutory or other legal requirement in the incation of the Project, gh psi this Bond conflictii:g with said statutory or legal requirement shall be deemed deleted here from and provisions cgit%rmint statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that z tis PZ11i construed as a scatuto y bon alnd not as a common law bond. �� Signed an ale tis�� day of I Renascent, Inc. (Witness) (Seal) (I'ri _ipa ' Se Samuel Fray Bv: �,•'��o'a cortp'•.,,� tz , �P01;)� ' (Witn s) Sarah M..S ill _� "sTAVr y''• 's"° .° � Ihn6stt`''blil```, Language conforms to AIA Document A310 Bid Bond BID7000=031 If ing Fidelity and Deposit Company of Maryland (Surer) By: �yrCJ (Ti[ o)Kathryn , Postma, Attorney -in- act ray,