|
AIA Document A310 — 2010
<br />OTM
<br />a e e
<br />CONTRACTOR:
<br />(Name, legal status and address)
<br />R & R Excavating, Inc.
<br />2010 Went Avenue
<br />Mishawaka, IN 46545
<br />SURETY:
<br />(Name, legal status and principal place
<br />of business)
<br />Merchants Bonding Company (Mutual)
<br />Des Moines, IA
<br />OWNER:
<br />(Name, legal status and address)
<br />City of South Bend Board of Public Works
<br />County -City Building Room 1316, 227 West Jefferson Blvd
<br />South Bend, IN 46601
<br />BOND AMOUNT:
<br />Five Percent of the Total Bid ( 5% of Total Bid
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Demolition of Vacant and Abandoned Houses, Phase IX; Project No. 116-074
<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 />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) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contactor 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 herefrom and
<br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so
<br />famished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br />Signed and se W this 17th day of
<br />I
<br />rtness ll f
<br />(Witness)
<br />August 2016
<br />R & R Excavating, Inc.
<br />(Principal) , , , (Seal)
<br />(Seal)
<br />(1itlb4�William J. Ceme , III, Attorney c
<br />CAUTION: You should sign an original AIA Contract Document, on which this text appea in RED. An original assur s that
<br />changes will not be obscured.
<br />Init. AIA Document A310TM —2010. Copyright C 1963, 1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING: This A10
<br />Document is protected by U.S. Copyright taw and International Treaties. Unauthorized reproduction ordistribution of this AIA® Documen% or
<br />any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the 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, copyright@aia.org. oemu
<br />
|