Opening of Bids - Demo of Howard Park Rec Center Project No. 117-058 - G.E. Marshall, Inc.

Home Browse Search

Bid Bond CONTRACTOR: (Name, legal status and address) G.E. Marshall, Inc. P.O. Box 242 Valparaiso, IN 46384 Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (Name, legal status and poinclpal place• t f lilccincmv) Fidelity and Deposit Company of Maryland 600 Red Brook Blvd, Suite 600 Owings Mills, MD 21117 Mailing Address for Notices OWNER: 1299 Zurich Way (Na1ue, legalstatitsandaddrms) Schaumburg, IL 60196-1056 City of South Bend, Indiana, Board of Public Works 227 West Jefferson Blvd. South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of the Base Bid Plus Any Alternates PROJECT: (Name. locaflou or addtvu and Project smnber, t/'anr}) Demolition of Howard Park Recreation Center, Project No. 117-058 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 Cho 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 arc such that if ilia Owner accepts the bid of the Contractor wilhin ilia 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 (I ) enters into a contract with the Owner in accordance %vith the torms 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 l'rojeot and other►vise acceptable to Clio 0%vner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished 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 pertbrrn the work covered by said bid, then this obligation shall be null and void, otherwise to remain in fill three and ell'ecl. The Surety hereby waives any notice ol'an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver ol'notic:e by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond lice time lbr acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain Elio Surety's consent lbr an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor. the tome Contractor in this Bond shall be doomed to be Subcontractor and the terns Owner shall be deemed to be Contractor. When this Bond has been limiished to comply with u stututory or other legal requirement in [lie location ol'the project, any provision in this Band conflicting with suid statutory or legal requirement shall be deemed deleted herefrom and provisions conlbrniing to such statutory or other legal requirement shall be deemed incorporated herein. When so I iimished, the intent is that this Bond shall be construed m a statutory band and not as a common law bond. Signed and scaled this 22nd day of August, 2017. G.E. Ma au. ; lam' _ ..a.A .f C R 1Tltle) �� fl i PQsr 1 Fidelity and Deposit Company of Maryland , q � �,a es (111111ca) David M. Oli ] I15o By: ,r (rule)Ter y R. HurstAttorney-in- act 4„ � S-00541AS 8110