HomeMy WebLinkAboutOpening of Bids - Drewry's Brewery Cleanup, Phase III -Proj No 119-031E - Green Demolition Contractors, Inc11IE CINCINNATI INSURANCE COMP ANY
Bid Bond
CONlRACTOR (Name, legal status and address):
Green OemoliUon Contractors. Inc.
315 Brighton St. Ste 1
LaPorte, tN 46350
OWNER (Name, legal status and address): City of South Bend. Indiana Board of Public Works 215 S. Dr. Mart!n Luther King Jr Blvd South Bend, IN 46601
BOND AMOUNT: 5%fFive Percent
SURETY {Name, legal status and prtnapal place of business):
THE CINCINNATI INSURANCE COMPANY 6200 S. GILMORE ROAD FAIRFIELD, OHIO 45014-5141
This document has Important legal consequeiices, Consultation with an attorney Is encx,uraged with respect lo Ill completkm or modifcca"tlon. Any singular reference to Contrador. Surety, ONner or other party shall be considered plural where appflcabfe PROJECT (Name, location or address, and Project number, if any): Orewry's Brewery Cleanup Phase Ill ProJect Number, if any: 1408 Elwood Ave.
South Bend, IN The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of wluch the Contractor and Surety bind themselves, their heir.st executors, administrators, successors and assi�s, jointly and severally. as P.:Ovided herein. The conditions of this Bond are such that if the Owner accepts the bid oftre Contractor w1tlun the tune specified in the bid documents, er witlun such time �od as may be aS!eed to by the Owner and Contractor. and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or boo:ts � may be specjfied in the bidding or Contract Documents. with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the fiuthful performance of such Contract and for the prompt payment oflabor arid material funnshed in the prosecution thereof; or (2) p_ays 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 b1� then this obb�on shall be null and void, otherwise to remain in full force mxl effect. The Sure!)' hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which tlie Owner nay accept the bid Waiver of notice by the Surety shall not apply to any extension exceecbng Sixty (60) days in the aggregate beyond the time for ac�tance of bids specified m the bid documents, and the Owner and Cmtractor shall obtain the Surety's consent for an extension beyond the sixty (60) days.
If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in tlus Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
When this Bond has been furnished to comply \Vith a statutory or other legal r�uirement in the location Qf the_ Project, any prOVISion in thls Bond conflicting with sud statutory or legal requirement shall be deemed deleted herefrom and provisions confonning to such statutory or other legal requirements shall be deemed inco_tporafed-, • herein When so furnished, the intent is that this Bona shall be construed as a statutozy bond and not as:acommon law bond ' -•
Signed and sealed this e day of December 202S
Green Demalltlon Contractons. Inc.
The Ccmpl!II)' orcc:uting this bond vouches tbl& this docanmt confmms to Amcncan lDStitUle of Atchltccis S-2000-AIA (11/10) PUBLIC