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Init. <br />%towAIA Document A31 OTM -2010 <br />CONTRACTOR: SURETY: <br />(Name, legal status and address) (Name, legal status and principal place <br />Brown & Brown General Contractors, Inc. of business) <br />P. O. Box 487 Philadelphia Indemnity Insurance Company <br />This document has important legal <br />Wakarusa, IN 46573-0487 Bala Cynwyd, PA <br />consequences. Consultation with <br />OWNER: <br />an attorney is encouraged with <br />(Name, legal status and address) <br />respect to its completion or <br />City of South Bend Board of Public Works <br />modification. <br />County -City Building Room 1316, 227 West Jefferson Blvd <br />Any singular reference to <br />South Bend, IN 46601 <br />Contractor, Surety, Owner or <br />BOND AMOUNT: <br />other party shall be considered <br />Five Percent of the Total Bid 5% of Total Bid j <br />plural where applicable. <br />PROJECT: <br />(Name, location or address, and Project number, if any) <br />VPA Maintenance Storage Building; Public Works Project No. I I 8-046R <br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the <br />Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and <br />severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor <br />within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and <br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such <br />bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted <br />in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract <br />and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the <br />difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount <br />for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this <br />obligation shall be null and void, otherwise to remain in full force and effect, The Surety hereby waives any notice of <br />an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of <br />notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for <br />acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for <br />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 <br />be 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, <br />any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and <br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so <br />furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. <br />Signed and sealed this 8th day of August 2018 <br />wW Brown &Brown General Contractors Inc. <br />(Principal) (Seal) <br />Witness () <br />Tide) iz ,izae <br />Philadelphia Indemnity Insurance Company <br />(Surety) (Seal) <br />1100", <br />(Witness) <br />pQfer L. kdsznfa, Att*ey in Fact <br />W CAUT110You should algin ain origlinal AIA Contrael luoculment, on lt!6", this text appears In IR rip. Ain odgin,M assure-m that <br />chainges willl not be obsctireid. <br />AIA Document A31 OTm - 2010. Copyright @ 1963,19,70 and 2010 by The American Institute of Architects. All rights reserved. WA it �Ttfls X0 <br />Doicument is protected by US. CopyrWh,t A aw, and IloternationM Treafies. Unaluthorlized reproducUorw or dlstrlbuflora of Uds MAO Docummit, or <br />any poi "Holl of H, rnay restflg in severe dyll and WnVnall penalties, anrd wfll Ibe Prosecuted to the mwtfirniurn extent posalble under the law, <br />Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract Documents, e-mail <br />The American Institute of Architects' legal counsel, copyright@ala.org. 0611 IG <br />