Opening of Bids - Cleanup of South Bend Range, Phase I Proj No 125-020A - Green Demolition Contractors

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THE CINCINNATI INSURANCE COMPANY CONTRACTOR (Name, legal status and addressX SURETY (Name, Iegal status and principal place of business): Gress Demolition Contractors. Inc. THE MCINNATI INSURANCE COMPANY 315 Brighton St, Ste 1 6200 S. GILMORE ROAD LaPorte, IN 4$350 FAIRFE D, OHIO 4501"141 OWNER (Name, legal status and address): This document has important legal City of South Bend, Indiana Board of Publi Works consequences, Consultatbn wtth 227 Jefferson Blvd. County City Building Room 1316 an alromey Is encouraged with South Bend, IN 46001 respect to Its conVbtIon or modiflcauon. BOND AMOUNT: AWsMqilar reference to 5%. Five Percent Contractor. surety. Owner or ether party shall be considered plural where appgcabie. PROJECT (Name, location or address, and Project number, if any): Cleanup of South Bend Range, Phase I. Binding Demo Project Number, if any: 133 Cherry Street South Bend, IN 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 themselves, their bars, executors, administrators, successors and assi�.ns, jointly and sevaally, as providedherein. The c auHtions of this Bond are such that iftbe Owner accepts the �d of tiro Contractor within the =ispecified m the bid documents, or within such time period as may be agreed to by the Ownerand Camtractofile Contractor either (I) enters into a contract with Cod 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 Project and otherwise acceptable tothe er, for the faithful performance of such Contract and for tiro prompt payment oflabor and material furnished in the prosecution thereat or ( payyss to the Owner the diffuence, not to exceed the amount of this Band 'between the amount specified b'ud and such larger amount for which the Owner may in good faith contract with another party o pexfom work covered by said bid, then dis obligation shall be null and void, olhawise to remain inl M force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the shal4=196M to any extension exceeding sixty (60) days in the ,beyond the tame for acceptancen the bad documents, and the Owner and Contractor 1 obtain the Surety's consent for an extension beyond !he sixty (60) If this Bond is issued in cormectioa with a subcontractor's bid to a Co aftwtor the term Contractor in diis Bond shall be deemed to be Subcontractor aid tern Owner shall be deemed to & Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location -of -the Project, any sign ><n thus Bond contlhcttthg with said stauttory sir leg d regtnrmue nt shall be deemed -Meted herefrom and provisions conforming to snob statutory or other legal requirements shall be deemed incorporated herein. When ea furnished, the urtent is that this Bond shall be construed as a statutory bond and not as a— common law bond Signed and sealed this 12 day of AWid 2M5 F"ZWA /_/``L� r "vt= rr'/r /• ' it E %) POW *nger, attm=y4r#-Fad MW OamPany cwaaB this band va ebas that this docm=t conforms to An=cw Inshotts of Ardutem Document 8-20004UA (11110) PUBLIC