Opening of Bids - Demolition of 921 Louise Street Proj No 125-043A - Veit & Company

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AIA Document A310- - 2010 Bid Bond CONTRACTOR: SURETY: / \ ame, legal slams and address) t\ ame, legal slalus and principal place \'oil & Company, Inc. (fbusiness) 14000 Veit Place Western Surety Company Rogers. MN 55374 101 S Reid Street, ADDITIONS AND DELETIONS: Sioux Falls, SD 57103 The author of this document OWNER: has added information needed for its completion. ( alne, legal slates and addrLs's) The author may also have City South Bend, Indiana y revised the text of the original AIA standard form. 215 S. Dr. Martin Luther King, Jr. Blvd., An additions and Deletions South Bend, IN 46601 Report that notes added information as well as revisions to the standard form text is available from BOND AMOUNT: Five percent (5%) of the P base bid plus an alternates P Y the author and should be reviewed. This document has important legal consequences. PROJECT: Consultation with an attorney is encouraged with respect to its completion Demolition of 921 Louise Street (Qualex Building) or modification. Project No. 125-043A Any singular reference to South Bend, IN Contractor, Surety, Owner or other party shall be considered plural where applicable. 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 heirs, executors, administrators, successors and assigns, jointly 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 either ( I ) enters into a contract with the Owner in accordance with the terns of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in thejurisdiction of the Project 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 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 full 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 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 the 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 terns Owner shall be ELECTRONIC COPYING of any deemed to be Contractor. portion of this AIA Document When this Bond has been furnished to comply with a statutory or other legal requirement to another electronic file is in the location of the Project, any provision in this Bond conflicting with said statutory prohibited constitutesa or legal requirement shall be deemed deleted herefrom and provisions conforming to on oand such statutory or other legal requirement shall be deemed incorporated herein. When so as set forth in the tooter of this document. furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. AlA Document A310" - 3010. T i- - . - ,. All rights reserved. WA ING This All Document is protected by U.S. Copyright Law and International Treaties. Unauthor... d r production or distributionof this AIA' Document, any portion of it, may result i civil and criminal penalties, and will be prosecuted to them extent possible under the or a ci ami a um lar. '� ni !.� ..y:.. ..... - - 5..: J •-..• 1 11 e.:F.ires !1/nl/"p l'. artl is Pit User Notes: n ll3aa5-10m