Opening of Bids - 2016 Curb & Sidewalk Construction Phase II - LaPorte Construction Co., Inc.

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AIA Document 310 - 2010 Did Bond CONTRACTOR (Name, legal status and address): SURETY (Name, legal status and principal place of business): LaPorte Construction Co., Inc. Fidelity and Deposit Company of Maryland P. O. Box 577 9229 Delegates Row, Suite 300 LaPorte, IN 46352 Indianapolis, IN 46240 OWNER (Name, legal status and address): City of South Bend, Indiana Board of Public Works City -County Building Room 1316, 227 West Jefferson Blvd. South Bend, Indiana 46601 BOND AMOUNT: Five Percent of the Maximum Bid Amount (5% of the Maximum Bid Amount) PROJECT: (Name, location or address, and Project number, if any): 2016 Curb and Sidewalk Construction Phase II Project No. 116-029A South Bend, IN 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, m 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 fumished 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 submntmctoes 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 requimment 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 w a common law bond. Signed and sealed this 8th day of November 2016 r ness) (Witness) Robin L. a e , language conforms to ALA Dmument A310 Bid Bond, 2010 edition. BID70001ZZ0111f LaPorte Construction Co., Inc. 71 )�XI (Seal) (Tlrle) Log l Se H 9A 0 F9 as l E W-r Fidelity and Deposit Company of Maryland (Surety) (Seal) (Tirl Keith Co r, Attorney -In -Fact