Opening of Bids - Newman Center Window & Door Repair Proj No 117-001 - J.W.Werntz & Son, Inc.

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Bond No.: Bid Bond Bid Bond CONTRACTOR: (,Jenne, lagal mates and address) J. W. Werntz & Sons, Inc. 1002 Kerr St. South Bend, IN 46601 OWNER: (,Houle, (ega(staots and address) City Of South Bend 227 W Jefferson South Bend. IN 46601 Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (?1Vowa, leg(r(d't[rtnF[I1/d(117geI/)ldf7IRClS Ifbavines1s) Developers Surety and Indemnity Company P. O. Box 19725 Irvine, CA 92623 Mailing Address for Notices BOND AMOUNT: $ 5% Five Percent of Amount Bid PROJECT: (,tine, location or address; andPtrolectvmmber, jfo l} Project 117-001 Newman Center Window and Door Repair 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 are bound to the Owner in fire amount set forth above, for file 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 aro such that if ilia Owner accepts the bid of the Contractor within lho tine specified in the bid documents, or within such tine period as may, be agreed to by the Owner and Contractor, and Iho Contractor either(l) enters into a contract with the Owner in accordance with the terns 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 tiro faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to ilia Owner the ditTerence, not to exceed tiro amount of this Bond, between Ilia amount specified in said bid and such larger annount for which the Owner may in good faith contract with another party to pertbrm the work covered by suid bid, then this obligation shall be null and void, otherwise to remain in full three and eliecl. The Surely hereby waives any notice of all agreement between the Owner and Contractor to extend the limn in which the Owner may, accept the bid. Waiver ol'notice by the Surety shall not apply h7 any extension exceeding sixty (60) days in ilia aggregate beyond the lime liar acceptance ol'bids specified in the bid documents, and the Owtner and Contactor shall obtain the Surety's consent lbr all extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the lean Contractor in this Bond shall be deemed to be Subcontractor and the tcnn Owner shall be deemed to be Contractor. When this Bond has been lurnished to comply with a statutory orother legal requirement in the location of the project, unv provision in lhis Bond conflicting with said stanlory or legal requirement shall be deenned deleted hereliom and provisions con irnuing to such Ntathlory or other legal requirement shall be deenned incorporated herein. When soli nnished, the intent is that this Bond shall be construed as astatutoy bond and not as a common law bond. Signed and scaled this 14th day of March, 2017 J. W. Werntz & Sons, Inc. (P/!nclpnl) (Seal) f"'al pResi �/— „.. AND .'"'• Develope Surety and Indemnity Company ew1••"o... F J: • oP➢ Rq ltig/xt (,Seal)LC4 n anessJ o. 1936 ,s rl) e racle liouseorney-I - ac .. " %.',d .*' ,',.•� � .. nna T? S•0054/AS 8/10