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AIA Document A31 OTM - 2010
<br />Bid Bond
<br />CONTRACTOR:
<br />SURETY:
<br />(Name, legal status and address)
<br />(Name, legal status and principal place
<br />Statile, Roofing & Sheet Metal Co., Inc.
<br />of btisiness)
<br />Hudson Insurance Company
<br />1703 S. Ironwood Drive
<br />100 William Street, 5th Floor
<br />This document has important legal
<br />South Bend, IN 46613
<br />New York, NY 10038
<br />consequences. Consultation with
<br />OWNER:
<br />an attorney is encouraged with
<br />(Name, legal statits and address)
<br />respect to its completion or
<br />Board of Public Works of the City of South Bend
<br />modification.
<br />1316 County -City Building
<br />Any singular reference to
<br />South Bend, IN 46601
<br />Contractor, Surety, Owner or
<br />BOND AMOUNT: ***FIVE PERCENT OF
<br />AMOUNT BID***
<br />other party shall be considered
<br />plural where applicable.
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Potawatomi Conservatory Roof Replacement, Project No. 125-049
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the
<br />Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns,jointly and
<br />severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor
<br />within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and
<br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such
<br />bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted
<br />in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract
<br />and for the prompt payment of labor and material furnished in the prosecution thereof: or (2) pays to the Owner the
<br />difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount
<br />for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this
<br />obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of
<br />an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of
<br />notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for
<br />acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for
<br />an extension beyond sixty (60) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor. the tern Contractor in this Bond shall
<br />be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
<br />When this Bond has been furnished to comply with a statutory or other ]coal requirement in the location of the Project,
<br />any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefroin and
<br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so
<br />furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 12th day of August 2025
<br />Slatile Oin� he t!M�tal C �
<br />4wX, ipiess) , (�cipal) (Seal)
<br />cemi-Co if rr(
<br />(Title)
<br />Hudson Insurance Comnan
<br />Y _
<br />-(Seal-
<br />(Title)Thbrras O. Chambers, Attorney -I
<br />Init, Alp Document A310- — 2010. Copyright ®1963, 1970 and 2010 by The American Institute of Architects. All rights reserved, w
<br />DOI
<br />umenl is. protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this
<br />anyV=6 of It, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible,
<br />/ Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Cont
<br />The American Institute of Architects' legal counsel, copyright@ala.org.
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