Opening of Bids - 2024 NSE Demolitions Proj No 124-051 = Green Demolition Contractors

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THE CINCINNATI INSURANCE COMPANY Bid Bond CONTRACTOR (Name, legal status and addressk Green Demolition Contractors, Inc. 316 Brighton St., Ste 1 LaPorte, IN 46360 OWNER (Name, legal status and address): City of South Bend, Indiana Board of Public Works 1316 County -City Buildings South Bend, IN BOND AMOUNT: 5%/Five Percent SURETY (Name, legal stasis and principal place of business). THE CINCMNATI INSURANCE COMPANY 000 S. GMMORE ROAD FAMMLD, OHIO 45014-5141 PROJECT (Name, location or address, and Project number, if any): 2024 Neighborhood Services & Entnreement Demolitions Multiple Sites- Complete Wrecking of all Buildings This document has important legal 0case4uenoa% Consultation with an attorney is encouraged with respell to its completion or modificatlon Any singular reference to Contractor. Surety, Owner or other party shall be considered plural where applicable. Project Number, if any: The Caatractor and Surety are bound to the Owner in the amount set fath above, for the payment of witch the Contractor and Surety bind themselves, oleic heirs, executors, administrators, successors and assign, jointly and severally, as provided herein The conditions of this Bond are such that if the Owner accepts the bid of the Contractor vnthin 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 terms of such bid, and gives such bond or bonds as may be specified in the biddeng or Contract Dom, with a surety admitted in the jurisdiction wi of the Project and otherse acceptable to the Owner, for the faithful thereof-, ance of suchtract and for the prompt payment of labor and material furnished in the prosecution or (2) gays the Owner the d� not to exceed the amount of this Band, between 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 ME fail[ fordxi and effect. Tile Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner rmy accept the bid Waiver of notice by the Slim shall not ly to any extenacan exceeding sixty (60) days in the aggregate beyond the time for acceptance o bids ed m the bid documents, and the Owner and Qatractor shall obtain the Surety s consent for an extension beyond the sixty (60) If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bland shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Baird has been furnished to comply with a statutory or other legal requires in the location of the Project, any vision in this Band conflicting wdh said statutory or legal requirement shall be deemed deleted h�ererom� provisions conforming to such statutory or other 149 req n—=ents shall be deemed incorporated n so frnished, the intent is that this Bond shall be construed as a statutory bond and not as a canmon law bond Signed and sealed this 9 day of December 2024 17" --jGreen De C 10t'ra , Inc �A /' LP5) (Parr40, We) Michael ah,412ardent J Peter M fter, Attorney -In -Fact 7110 t-x tx(111 g this PUBLIC IC hcs lilac this docua = conftm to Ain rkW Institate ofArfttats Document A310, 2010 Editson 5-2000�A[A (??!?Oj PUBLIC