Bid Opening - Fire Service, Inc. - Two (2) More or Less 2016 or Newer Refurbished Medic Units

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Document A31OTM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (N'amo, legalsiatrisandaddrexry Fire Service, Inc. 9545 North Industrial Drive St. John. IN 46373 OWNER: (None, legal slams and address) City of South Bend 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: $ 10% SURETY: (Maroe, legalsvalus andprincipalplac•e rfhueiness) RLI Insurance Company 9025 N. Lindbergh Drive Peoria, IL 61615 Ten Percent of Amount Bid PROJECT: (Name, location or address and Pro%ectmunber, ifani) Supply One (1) or More Freightliner Type 1 Ambulance 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. 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 lmirs, 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 llie Contractor either (I) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bald 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 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 aniount of this Bond, between the amount specified in said bid and such larger aniount for which the Owner may in good faith contract with another party to perlbnn Ilia work covered by said bid, then this obligation shall be null and void, otherwise to remain in full lire and ellbcl. The Surety hereby waives any notice of an agreement between ilia Owner and Contractor to extend the time in which Ilia Owner rally accept the bid. Waiver ol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time liar acceptance of bids specified In ilia bid dnennients, and Ilia Owner and ClIllivactor shall obtain Ilia Slnely's consent for all extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid ton Contractor, the temi Contractor in this Bond shall be doomed to be Subcontractor and the tcnn Owner shall be downed to be Contractor. When Ihis Bond has been lurnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrum and provisions coniimning to such statutory, or other legal requirement shall be deemed incorporated herein. When so ILmished, ilia intent is that this Bond shall be construed US a statutory bond and not as a conunon law bond. Signed and scalcd this 26th day of July.2016 (�'fniess) �jt.G�, U ✓�' lIJ'iaressy Fire Service, Inc. (Principal) (seal) By (Till) RLI Insurance Company (Surer}) (Sett) By: (Tfrt)DeAffna M. Maurer Atto ney-in-Fact S-0054/AS 8/10