Bid Opening - Chet Waggoner Court Proj No. 116-005 - Woodruff

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Bid Bond CONTRACTOR: (Nnnte, legal slairw and addmm) Woodruff and Sons, Inc. 2125 E US Highway 12 Michigan City, IN 46360 Document A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: IMnme, legal slnlus rod princJpal place rfhtrs•Ltrrs) Hartford Accident and Indemnity Company One Hartford Plaza Hartford, CT 06155 - 0001 Mailing Address for Notices OWNER: (Name. legal wales and oddr ess) , City of South Bend, Indiana Board of Public Works County City Building Room 1316 227 West Jefferson Blvd South Bend, IN 46601 BOND AMOUNT: $ 5% Five Percent of Amount Bid PROJECT: ¢hole. location or adds-n andProJectynnnber, if an ) Chet Waggoner Court Project No. 116-005 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 arc 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 Owmeraccepts 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(l) enters into a contract with the Owner in accordance with the temps 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 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 die 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 part)' ai perfimn the work covered by said bid, then this obligation shall be null and void, otherwise in, remain in full fboee and cll'ecl. The Surely hereby waives any notice of an agreement between the Owner and Contractor to extend the lime in which the Owner cony accept the bid.'kiriver ol'nolice by the Surely %hall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance ol'bids specified in the bid documents. and the Owner and Contractor shall obtain the Surely's consent fir an extension beyond sixty (60) da?:s. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tone Contractor in this 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 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 herefrom mid provisions confbmting to such statutory or other legal requirement shall be deemed incorporated herein. When so fiurnished, the intent is [hat this Bond shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 10th day of August, 2016. e (IJ'intess) Michael A. Edinger C ;: f y (1Pioress) Torre Taylor S-0054/AS 8110 Woodruff and Sons, Inc. (Principal) (seal) By: (141e) Todd R. Bell. Vice President Hartford Accident and Indemnity Company !.Surer}) (set+11 c ff le) Wdllam Griffin Attomey-In-Fact