Opening of Bids - Spec A - Three More or Less 2018 or Newer Standard AWD 4 Door Utility Vehicle - Jordan Ford

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Document A31 0 TM - 2010 Conforms with The American Institute ofArchilects AIA Document 310 Bid Bond CONTRACTOR: S�URETY: (Name, (,Mnne, legalstarus (vidpdnolliedplave aftiLviness) Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company 609 �E. Jefferson Boulevard 440 Lincoln Street Mishawaka, IN 46545 Worcester, MA 01653 OWNER, (Xame, legalvawsandad:lross) City of South, Bend 13th Floor, County -City Building, Room 1316, 227 West Jefferson South Bend, IN 46,601 BONDAMO,UNT: $ 10% Ten Percent of Amount Bid PROJECT: (Name. location or address, andilrqlact number, ifat�i) This document has Impo rtant legal consequences. consultation with an attorney Is encouraged with respect to Its completion or modificaflon. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable, Spec A - Three (3) More or Less, 2018 or Newer Standard AWD 4 Door Utility Vehicle The Contractor and Surety are bound to the Owner in the aniount set forth above. for the payniont of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, joirilly and severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor wilhin ilia lime specified in the bid documents, or within such tinic period ,as rany be agreed to by ilia Owner and Contractor, and ilia Contractor either (1) enters inlo, a contract with tho Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the biddiRg or Contract Documents, NAtb a surety admitted in tho.itirisdiction of the 11T(�jcet and otherwise acceptable to ilia Owner, for the faithful porforniance of such Contract and for the prompt payment of labor and material frimished in Ilio prosecution thercof; or (2) pays to the Owner the difference, not to exceed the ainount of this Bond, botween the aniount specified in said bid and such larger amount ibr which the Owner may in good failli contract with another party to peribrin (lie work covered by said b�id, then this obligation shall be null and void, otherwise to remain in full I'tirceandeflect. The Surety hereby wuives am notice ol'an agreement between the Owner and Contractor to extend the finic in which the Owner may accept (lie bid. )kaiverol'notice by . the Sure�y shall not apply to any extension exceeding:sixty (60) days in the aggregate beyond the linic ]or acoeptunce ol'bids specilied in the bid documents. and Ifie Owner asid Contruclor shall obtain the Surety's consent I -or an exlension beyond sixty (60) days. If this Bond is issued in cojincetion wiflia subcon tractor's bid toa Contractor, the torni Contractor in this Bond shall be deenied to be Subcontractor and the lerm Owner shall be deemed to be Contractor. When this Dond has bewi lurnislied to comply willi a stalulon, or other legal requirement in the loeation ol'the ProjecL any provi.sion in (Iiis Bond conilicting with said statutory or legal requi rement sh all be deenied deleted herellrom and provision.,; conl'onning it) such statulory or other legal requirement shall be deemed incorporated licrein. When so l'umislied, the intent is that this Bond ihall be cowdrued USU SIHILItOWbond and not as a common law bond. Signed and scaled this: 27th day of March, 2018 Jordan Automotive Group dba Jordan Ford (Principal) (Soal) By: ta cr-e a_z_�t (TU100) ik The Hanover Insurance Company JA Uharissa IL). Lecuyer By: "�_Tdl(')Cheis�� NM, Bral'ile Atto rniey-i n- Fact Suretyrone No. 508-853-7200 S-00541AS 8110