Quote Opening - Randolph Street Basin Emergency Repairs Proj No. 116-083D - JCI Bridge Group

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AIA Document 310 - 2010 Bid Bond CONTRACTOR (Name, legal status and address): JCI Bridge Group, Inc. P. O. Box 368 LaPorte, IN 46352 OWNER (Name, legal status and address): City of South Bend 227 West Jefferson St. South Bend, IN 46601 Bond Amount: 5% Five Percent of the total Quote SURETY (Name, legal status and principal place of business): Fidelity and Deposit Company of Maryland 600 Red Brook Blvd, Suite 600 Owings Mills. MD 21117 PROJECT: (Name, location or address, and Project number, if any): Randolph Street Basin Emergency Repair Project No 116-083D 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 heirs, 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 the Contractor either (1) enters in to a contract with the Owner in accordance with the terms 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 famished in the prosecution thereof; or (2) pays 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 bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed by the 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 and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and sealed this 25th day of October 2016 JCI Bridge u Inc. By: ess) (Seal) (Pri cipal) (Seal) (Title) f "I ,,aemy ana oepos" ompany of Maryland (Witness) Christina Marie Schmitter jtt+Vk o (Surety •ww � '� By: s 1B90 _; (Title) Tefry R. Hurst Attorney -in -Fact Language conforms to AIA Document A310 Bid Bond BID7000IZZ0311f