|
Document A310TM - 2010
<br />CONTRACTOR:
<br />(Nome, legal status and address)
<br />Green Demoliten Contactors, Inc.
<br />1427 W Dickens Ave
<br />Chicago, IL 60614
<br />OWNER:
<br />(A,'ame, legal status and address)
<br />City of South Bend Indiana, Board of Public Works
<br />227 West Jefferson Blvd, Suite 1400 N.
<br />South Bend, IN 46601
<br />SURETY:
<br />(Name, legal status and principal place
<br />of business)
<br />Developers Surety and Indemnity Company
<br />PO Box 19725
<br />Irvine, CA 92623
<br />BOND AMOUNT: 5% not to exceed Fourteen Thousand
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney is encouraged with
<br />respect to its completion or
<br />modification.
<br />Any singular reference to
<br />Contractor, Surety, Owner or
<br />other party shall be considered
<br />plural where applicable.
<br />PROJECT:
<br />(,Name, location or address, and Project number, ifany)
<br />Wreck & Removal - Demolition of Vacant and Abandoned Houses, Phase IX Project No. 116-074, Division B
<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) dai s.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tenn 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 legal requirement in the location of the Project,
<br />any provision in this Bond conflicting with said statutory, or legal requirement shall be deemed deleted heref -our 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 />Sig
<br />/I}G/d and sealed this 12th day of August, 2016
<br />---Gr en D u Ao ci
<br />" d(Seal)
<br />i
<br />t4i'tnessl
<br />(Title) micWrOugh -
<br />Ll�.,, tf`/1� Developers Surety and Indemnity Company _
<br />_ "Seal)
<br />.
<br />/ritle)Davrd Parrilli Attorney -In -Fact
<br />CAUTION: You should sign an original AIA Contract Document, on which this text appears in RED. An original assures that
<br />changes will not be obscured.
<br />Init. AIA Document A310ra —2010. Copyright m 1963, 1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING: The AIA"
<br />Document is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA' Document, or
<br />any portion of it, may result in sever, civil and criminal penalties, and will be prosecuted to the maximum extent possible under me law.
<br />/ Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract Documents, e-mail
<br />The American Institute of Architects' legal counsel, wpynght@aia.org. 061110
<br />
|