Opening of Bids - Spec W - One or More 2018 or Newer 3-4 Ton Extended Cab Two Wheel Drive Pick Up Trucks - Jordan Ford

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Document A31 0 TM - 2010 Conforms with The American Institute of Architects AIA Document310 Bid Bond CONTRACTOR: SURETY: (Merwo, legal statris and address) (Xi nne, legal x/a/us andp)*01nd place oftrWiless) Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company 609 E. Jefferson Boulevard 440 Lincoln Street Mishawaka, IN 46545 Worcester, MA 01653 Xhfflkigs (''canto, leg alstafasandaddress) City of South Bend Ste. 1316, County -City Building, 227 West Jefferson Blvd. South Bend, IN 46601 BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: ('tame, locallon or address. and1li-qlact numbet-, (faiti) This document has Important legal) consequences. Consultation with an attorney is encouraged with respect to, Its completion or modification. Any singular reference to Contractor, Surely, Owner or other party shall be considered plural where applicable. Spec W - One (1) or More 2018 or Newer 3,/4 Ton Extended Cab Two Wheel Drive Pick Up Trucks The Contractor and Surety are bound to file Owner in the riniount set forth above, for the payniont of which tile Contractor and Surety bind themselves, their hairs, oxecutors, administrators, StiCCCS$orS 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 little period as may be agreed to by tho Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with tile 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 thejurisdiction of tho 1'r6ect acid otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thercoP, or (2) pays to the Owner the difference, not to exceed the aniount of this Bond, between the ainount specified in said bid and such larger 11111011at for which the Owner may in good faith contract with another party to peribrin the work- covered by said bid, then this obligation shall be null and void, othenvise to remain in full florce and c1lect. The Surety hereby waives, any notice ol'an agreement between the Owner and Contractor to extend the dine in which the 0%voermay accept the bid. 'Waiverol'notice by the Sorely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the (inie 11or acceptance ol'bids specified in the bid docUnlentS, and the Owner and Contractor shall obtain the Surety's cosisviii Ibr an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to Contractor, the teen Contractor in this Bond sliall be deeined to be Subcontractor and the terns Owner shall be doomed to be Contractor, When this Bond leas been lurnislied to comply with astaltilory orother legal requirement in the location ol'the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted lierel'rom and provisions emilbrining to such statutory or other legal requirement shall be deemed incorporated herein. When so l'urnished, the intent is that this Bond shall be construed as a SlatUtOry bond and not as a common law bond. Signed and seated this 25th day of September, 2018 Jordan Automotive Group c1ba Jordan Ford �aklllk (PHucipaO (Seat) VPc u'ca- t Kee "M'5% r - e—. 6 ddtrlfnccsyLaura M. Buhrmester The Hanover Insurance Company i—VL, _'(Z�ry e7';ao)Chri§ty)Ml'. BraiIe Attoirney-in-Fact Surety'Phione No. 508-853-7200 S-00541A5 8110