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<br />CONTRACTOR:
<br />Vaine, legal slates and address)
<br />R YODER CONSTRUCTION, INC.
<br />27453 Cty Rd 150
<br />Nappanee, IN 46560
<br />OWNER:
<br />(Name, legal status and address)
<br />Citg of South Bend Board of
<br />Public Works
<br />321 S Main St
<br />South Bend, IN 46601
<br />IMANIV
<br />SAIA Document A31 OTM-2010
<br />SURETY:
<br />(Name, legal stales and principal
<br />place of business)
<br />Granite Re, Inc.
<br />14001 Quailbrook Dr
<br />Oklahoma City, OK 73134
<br />BOND AMOUNT: Five Percent of the Bid Amount (5,00% of Bid Amount)
<br />PROJECT,
<br />(Name, localion or address, and Project number, if any)
<br />Hibbard Plaza and Streetscape; Project No. 1 17-063R
<br />Bid Bond No, GR12747
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney Is encouraged with
<br />respect to Its completion or
<br />modification.
<br />Any singular reference to
<br />Contractor, Surety, Owner or
<br />other party shall be considered
<br />plural where applicable.
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Conti -actor
<br />and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided
<br />herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the
<br />bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1)
<br />enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be
<br />specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise
<br />acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material
<br />furnished in the prosecution thereof-, or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between
<br />the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to
<br />perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
<br />The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner
<br />may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate
<br />beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's
<br />consent for an extension beyond sixty (60) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be
<br />deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
<br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any
<br />provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions
<br />conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent
<br />is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 26th day of Februa , 2018
<br />Moll! J. Hansen
<br />Smith, Attorney -in -Fact
<br />(Seat)
<br />AIA Document A3101"— 2010, Copyright @196 ,, �, and 2010 bR
<br />try American Institute of Architects., All rights reserved. WANING: This AlAw
<br />'
<br />Document is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this A10 Document, Or
<br />any portion of it, may result in severe civil and cruninal penalties, and will be prosecuted to the maximum extent possible under the $aw,
<br />e e , orepor
<br />The American Institute of Architects' legal counsel, c-Qjpyr r . D61110
<br />- T h- X(g
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