|
MERCHANTS+
<br />BONDING COMPANY,.
<br />MERCHANTS NATIONAL BONDING, INC. P.O. BOX 14498, DES MOINES, IOWA 50306-3498
<br />Bid Bond PHONE: (800) 678-8171 FAX: (515) 243-3854
<br />CONTRACTOR:
<br />(Name, legal staters and acklf•ess)
<br />C & S Masonry Restoration, LLC
<br />3725 N. Foundation Court, Suite AR
<br />South Bend, IN 46628
<br />OWNER:
<br />(Name, legal status and address)
<br />City of South Bend, Indiana Board of Public Works
<br />227 W. Jefferson Blvd., Room 1316
<br />South Bend, IN 46601
<br />BOND AMOUNT: Five Percent (S%) of the Accompanying Bid
<br />PROJECT:
<br />(Name, location or address, and Project number, if a)v)
<br />Lafayette Building Exterior Renovation, Project No. 117-100R
<br />South Bend, Indiana
<br />Bond Number:
<br />SURETY:
<br />(Name, legal status and principal place
<br />of business)
<br />Merchants National Bonding, Inc,
<br />A Corporation
<br />6700 Westown Parkway, West Des Moines, lA 50266
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney is encouraged with
<br />respect to its completion or
<br />modification.
<br />Any singular reference to
<br />Contractor, Surety, Owner or
<br />other party shall be considered
<br />plural where applicable.
<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 wlthin such time period as may be agreed to bythe 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 hid 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 9th day of October, 2018
<br />_ C & S Masonry Restoration LL—
<br />UIIA
<br />If _4" _,J�(Principal) `jJl - (Seal)
<br />(1lji n ss) Steven Fields President
<br />(Title) .....
<br />Merchants National Bonding, Inc.
<br />(Surely) / Seal'
<br />(1l fitness)
<br />(Tit e) J Cevin Hughes, Attorney -in -Fact -
<br />CON 0657 (2115) Printed in cooperation with America It itute of Architects (AIA). The Iai guage in this
<br />document conforms exactly to the language used in AIA Document A310-Bid Bond-2010
<br />
|