Opening of Bids - Spec F - One or More 2018 or Newer Mid-Size Extended Cab Four Wheel Drive Pickup Truck - Jordan Ford

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Document A31 OTM-2010 Conforms,with The American Institute of Arch Itects AIA Document 310 CONTRACTOR: �,Vtuyio, legal sfalus andaddress) Jordan Automotive Group dba Jordan Ford 609 E. Jefferson Boulevard Mishawaka, IN 46545 SURETY: (Name, lega/s/olus andprincipalplace, ofbitsinesi); The �Hanover Insurance Company 440 Lincoln Street Worcester, MA 01653 OWNER: (Name, legalslantsandaddress) City of South Bend 13th Floor, County -City Building, Room 1316, 227 West Jefferson South Bend, IN 46601 BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: (Naina, location or address, andilrq1ect number, lfatti) This document has Import ' ant legal consequences. Consultation with an attorney Is encouraged with respect to Its completion or modification, Any slngular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. Spec F - �On,e (1) or More 20�18 or Newer Mid -Size Extended Cab Four Wheel Drive Pick Up Truck The Contractor and Suroty are bound to ilia Owner ill the 111101111t sot forill above. for the paynient of which the Contractor and Surety bind tbeniselves, their heirs, executors, administratOrS, SUCCOSSOTS and assigris, jointly and severally, its provided herein, The conditions ofthis Bond are such that if ilia Owner accepts the bid of the Contractor within the thne specified in the bid docurnents, or within such finic period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with tho Owner in accordance with the ternis 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 1'rqjcct and otherwise acceptable to ihe Owner, for the faithful performance of such Contract and for the prompt payment of labor and inaterial furnished in the prosecution thereof, or (2) pays to the Owner the difference, not to exceed the arnount of this Bond, between the aniount specified in said bid and suah larger amount for which the Owner may in good faith contract with another party to pertbrin the work covered by said bid, then this obligation shall be, null and void, othenvise to reniain in full l'orce and ellect. The Surely hereby waives any notice ol'�n agreement between the Owner and Contractor to extend the thrie in whicli tim Ownerniav accept the, bid. )kaiver ol)iolice by the Surety shall not apply to any extension exceeding sixty (61)) days in the aggregate beyond (lie linic lbr acceptance ol'bids specilied in the bid documents. and the Owner and Contractor shall obtain the Surety's consent lor an extension beyond sixty (60) day.s. If this Bond is issued in connection with a subcontractoes bid toa Contractor, the terni Contractor in this Bond shall be deerned to be Subcontractor and the terin Owner shall be dcomed to be Contractor. When this Flond has been flumislied to comply with a slatuton, or other legal requirement in the locution ol'the Projeel, any provision ill this Bond conflicting withsaidstattilory or legal requircirlentshall be deemed deleted heret'roni and provisions confloniflng to such statutory or other legal requirement sliall be decined incorporated fierein. When so furnished, the intent is iha[ this Bond shall be con.strued as a statutory bond and not as a coninion la%v bond. Signed and scaled this '! Oth day of April, 2018 kL Charissa D, Lecuyer Jordan Automotive Group dba Jordan, Ford (Principal) (Soal) By: 'ck The Hanover Insurance Company �By:( (TuYv)Chri�! M. BraiTe- Attorney -in -Fact Su j1hone N�o. 508-853-7200 S-00541AS 8110