Opening of Bids - Small Drainage Design and Repair Project No 118-063 - G.E. Marshall Inc

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Bid Bond CONTRACTOR: (Name, legal status and address) G.E. Marshall, Inc. 1351 Joliet Rd. Valparaiso, IN 46384 Document A31OTM-2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (Name, legal status and Inincipulphice, of biaipmys) Fidelity and Deposit Company of Maryland 600 Red Brook Blvd, Suite 600 Owings Mills, MD 21117 Mailing Address for Notices OWNER: 1299 Zurich Way (Nante, legalstatusandaddress) Schaumburg, IL 60196-1056 City of South Bend, Indiana, Board of Public Works 1316 County -City Building, 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of the Base Bid Plus any Alternates PROJECT: (Saina, location or addruss. andilroject number, irany) Small Drainage Design and Repair, Project No. 118-063 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 Clio amount set forth above, for Ilia payment of which the Contractor and Surety bind themselves. their hairs, executors. administrators, successors and assign% jointly and severally, as provided heroin. Tile conditions ofthis Bond arc such that if the Owner accepts the bid of ilia Contractor within the time specified in the bid documents, or within such time period as may be agreed to by file Ounier and Contractor, and the Contractor either (1) enters into a contract %vith tile Owner in accordance with the tenns of such bid, and gives such bond or bonds as inny be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Ov.,ner, for the faithful performance of such Contract and for the prompt payinent of labor and material fumisfied in the prosecution thereof. or (2) pays to tile Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such large r amount for which the Owner may in good faith contract with another party it) perlbrm [lie work covered by said bid, then [his obligation shall be null and void, otherwise to remain in Nil firce and ell�ct. The Surety hereky waives any notice ol'un agreement between tile O%vner and Contractor to extend the time in which the Owner may accept tile bid. Wuiver ol'notice by tile Surety %hall not apply to any extension exceeding sixty (60) days in tile aggregate beyond tile time for acceptance ol'bids speci lied in the bid documents, and tile O%vner and Contractor shall obtain the Surety'% consent I -or all extension beyond sixty (60) days. If this Bond is issued in connection with. a stibcontractor's bid ton Contractor. ilia torm Contractor in this Bond shall be doomed to be Subcontractor and ilia term Owner shall be doomed to be Contractor. "_ 10,0, When this Mind has been flumished to comply with u statutory or other legal requirellicilt ili tile looution ol'thq'p�)Iir ,A6AW,ffi%yi,siosi in this Roodconflicting w�ith mid statutory or legal requirement shall be dcomed: dolelcd herclimm and stutulory or other legal rcquircnicritsball be dccmod incorporated heroin. Whun so fumisfird, the introt is thaellif c4nstrued us a statutory bond and not as a conimon law bond. Signed and scalcd this 1 1th day of December, 2018. SEAL � I& k1A 111V &N WAAAMV�_ , '47,; V-/ ant;iess) KAthryh R. Postma G.E. MarshalVnc, (Principal) I FV.nk A. Marshall —Pvesident EJO os"r Fideh!y and Deposit Company of Ma tand 4" U By� "In M. Wahistrom Attorney-FF-F—act S-00541AS8/10