Opening of Bids - JC Lauber Site Improvements Proj No 118-083B - Indiana Earth Inc

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B SI Document 31 ��' - 201 . d"1?y Y CONTRACTOR` SURETY: (Name, legal shirts and address) (Neune, legal sialrrs mtd pi-hicipal ploee Indiana Earth, Inc. ofbttshiess) 10343 McKinley Highway North American Specialty Insurance Compa p g his dacumenl has Important legal Osceola, IN 46561 650 Elm Street Manchester, NH 03101 consequences. Consultation with q OWNER., an attorney is encouraged with (Maine, legal stains and adelr ess) respect to its completion or City of South Bend modification. 227 West Jefferson Boulevard Any singular reference to South Bend, IN 46601 Contractor, Surety, Owner or BOND AMOUNT: ***FIVE PERCENT OF AMOUNT BID*** other party shalt.be considered plural where applicable. PROJECT: (Name, location or address, and Pr•ojeci number, If anj) J.C. Lauber Site Improvements Project #119-083B The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, 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 the Contractor within 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) enters into a contract with the Owner in accordance with the terms 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 Project and otherwise acceptable to the Owner, for the faithful performance ofsuch Contract and far the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to the Owner the difference, not to exceed the amount of this Sand, betiveen the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aegregate beyond the time for acceptance of bids specified in tine bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. ff this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or outer legal requirement shall be de,pKed incorporate50ierein. When so furnished, the intent is that this Bond shall be construed as a statutory bondXhd not as a comry6n law bond. Signed and sealed this 20th day of September Indiana (seal) North American Specialty Insurance Compan . /ry Thomas 0. Chambers, Attarne - mFaut� ti O �' �..• -a trait AIA document A3101A1— 2010. Copyrfrght ® 1963, 19T0 and 2010 by The American Institute of Architects. All rights reserved. WARNfi Document is protected by U.S. Copyright Lase and International Treaties. Unauthorized reprodur[lon or distribution of this AIA" any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under Purchasers are permitted to reproduce ten 110) copies of this document when completed. To report copyright violations of AIA Contract D. The American institute of Architects' legal counsel, copyrght@aia.org. Al u { t, orp '"A, I `N .. , t6 y "I if I. I I ,I, -