Opening of Bids - Three Twenty at the Cascade Glazed Assemblies Project No 118-074A - JW Werntz & Son Inc

Home Browse Search

Bond No.: Bid Bond Document A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: {,'Irfrnie, Icgal xtatrrs rrrtd rrtldressj J. W. Werntz & Son, Inc. 1002 Kerr St. South Bend, IN 46601 OWNER: (,Vamc, le gal stales arrd address) City Of South Bend, Indiana 227 W Jefferson Blvd South Bend, IN 46601 SURETY: (Nrame, legal slatrih arrd principal pkrce f f hrrrPrress) Developers Surety and Indemnity Company P. O. Box 19725 Irvine, CA 92623 Mailing Address for Notices BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: ('hcrnn, locatlorroraddress, andlirajectnumber, ?fart[) Three Twenty at the Cascade Glazed Assemblies This document has Important legal consequences. Consultation with an attorney Is encouraged with respect to Its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. The Contractor and Surety are bound to the Owner in Ilse amount set forth above, for ilia payment of which Ilse Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided hcrcin. The conditions of this Bond arc such that if the Owner accepts the bid of the Contractor within tho 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 ternis of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, tivith a surety admitted in the jurisdiction of rho Project and ollienviso acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and inateria[ fundshed in the prosecution thereof-, or (2) pays to the Owner the difference, not to exceed the aniount of this Bond, between Ilie amount specified in said bid and sticli larger amount for which the Owner may in good faith contract with another party to peribrin the work cohered by said bid, linen this obligation shall be null and void, ofltenvitie to remain ht full lbrce and ellbct. The Surety herebky waives any notice ol•an agreenieni between the Owner and Contractor to extend the time in which ilia Owner Wray accept the bid. Waiver ol'notice by [lie Surety Shall not apply to any extension exceeding Sixty (60) days in the aggregate beyond (lie lime Ibr acceptance ol'hids specified in the bid dofninients, and fhe. Owner and Contractor sliall obtain the Surely's consent li)r an extension beyond sixty (60) days. If 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 ternt Owner sliall be deemed to be Contractor. When this Dond has been lurnished to comply with a statutory or other legal requirenent in ilia location of the Project, any provision in this Bond conflicting with Said statulory or legal requirement shall be deenied deleted herelrom and provisions contitrnting to such statutory or other legal requirement sliall be deemed incorporated herein. When so fur niched, the intent is that this Bond shall be construed us a slatuton bond and not as a common laiv bond. Signed and sealed this 23rd day of October, 2018 J. W. Were Son, Inc. (Pi7ncipal) (Seal) !li'itriess) tii u„+rr,r `ANp Developers urety and Indemnity Company s*Qw'Ar•• ,Noy , a�' 1 ., - z 6 - �A �� c�f1FQRN;P• Lin` ilia)I racie House O nay-1 - ac ' .�•,r.,o S•00541AS 8r10