Opening of Bids - Leighton Deck Coatings Phase II Project No 117-092 - Structural Waterproofing & Restoration LLC

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Conforms with The American Institute of Architects AIA Document 3,10 CONTRACTOR: (;Jame, legal status and address) Structural Waterproofing & Restoration, Ll-C 335B Cumberland Street Memphis, TN 38112 SURETY: (dame, legal status and poiticipalplace ofbaviness) Western Surety Company 333 S. Wabash Ave. Chicago, IL 60604 Mailing Address for Notices OWNER: 333 S. Wabash Ave, (ftme, legalstants andaddres4) Chicago, IIL 60604 City of South Bend, Indiana Board of Public Works 227 West Jefferson Blvd BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (Name, location or address andilrojectnutuber, ffoiri;q Leighton Deck Coating - Phase 11; Project No. 117-092 This document has important legal consequences. Consultation with an attorney Is encouraged with respect to Its completion or modiric,ation. 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 the iniount set forth above, for the payment of which file Contractor and Surety bind theniselves, their licirs, 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 file Contractor xvilbin 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) caters into a contract with the Owner in accordance with the terais of such bid, and gives such bond or bonds astray be specified in the bidding orCantracl Documents, willi a surety admitted in the jurisdiction of the I'rQicct 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 perl'orm the work covered by said bid, then this obligation shall be null and void, otherwise to remain in hull lbirce and ell'ect. The Surety hereby waives ally, notice ofan agreement between the Owner and Contractor to extend file finie in which the Owner may accept the bid. Waiver ol'notice by (lie Suwtyshall not apply to ally extension exceeding sixty (00) days in the aggregate beyond the time Ibr acceptance ol'bids speciliod in the bid dowiments, and the Owner and Contractor shall obtain the Surct)?s conscal fi)r an: c.,itcrision beyond six ty my (60) days. If this Bond is issued in connection %vitlia subcontractor's bid to a Contractor, the tonn Contractor in this Bond shall bo dectined to be Subcontractor and the loran Owner shall be deemed to be Contractor. When this Bond has been Ilirsiishod to comply with a statutory or other legal requirement in the location ol'the Project. any provision in I I this Bond conflicling with said statutory or legal requirement shall be deenied deleted herefrom and provisions corilbrining to such statutory or other legal requirement shall be deeined Incorporated herein. Whca so luniisticd, [lie intent is that this Bond %liall be construed as a statutory bond and oot as a common law bond. Signed and scaled this 12th day of December, 2017. (1127111ess) 77> tWttnesa) Larry\Br997ft Structural Waterproofing & Restoration (Principal) ffille) Western Surety Company/ 611rety) By: (Tale i'La6fen Blair ;Attorney -in- apt 8-0054/AS 8/10