Opening of Bids - Byer's Softball Complex Improvements Proj No 123-072 - R Yoder Construction

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Document A310 Tnn — 2010 Conforms with The American Institute of Architects MIA Document 310 Bid Bond CONTRACTOR, aue, legal s/a/rrs and wklres.,) R. Yoder Construction, Inc. 27453 County Road 150 Nappanee,IN 46550 OWNER: Name, legal stales and a(hess) City of South Bend 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: $ 5% SURETY: Ime, legal shirrs and principal place r jhwiness) Euler Hermes North America Insurance Company 100 International Drive, 22nd Floor Baltimore, MD 21202 Five Percent ofAmount 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: {N nre, location or address, and Project nionhOr if ar{p) Byer's Softball Complex Improvements Phase 1; South Bend, IN; Contract No. 123-072 The Contractor and Surct}' arc bound to the Owner in the amount set forth above, for the payment of uvhich the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, joint v 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 time period as may be agreed to by the Owner and Contractor, and the Contractor citlier (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 bidding or Contract documents, with a surety admitted in the jurisdiction of the l'roicct and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for w1iich the Owner may in good faith contract with another party to perlixm the work covered by said bid, then this obligation shall he null and void, otherwise to remain in I'ull tierce and ellect. The Surely hereby waives any notice of an agreement 1xUveen 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 extension exceeding sixty (60) days in the aggregate beyond the time for acceptance ol'bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent liar an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tcma Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been limtished to comply with a stututofy or other legal requirement in the location of the Projeet, any provision in thiN Bond conflicting with said statutory or legal requirement shall be deemed deleted herelirom and provisions conflomaing to such slulutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed us u slulutn Na bond and not as a conunon law bond. Signed and scaled this 11th dayof February, 2025 (iri/rress) ns a V agy S•00541AS 8/10 R. Yoder Construction, Inc. (Principal) (Seal) By: (Iilk)�j prJ er ll td�ti� Euler Hermes North America Insurance Company ,.��S,,mera (Sarcq) (Surd) ' f'`� EAL3 : �� 2txa3 0! m 4 RRnp�adds ` d= (Tiile)Pamela M.And rsonAttorney-in-Fact �,�� '*'1da'