Opening of Bids - Three Twenty at the Cascade Site Utilities Project No 118-074D - G.E. Marshall Inc

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Bid Bond CONTRACTOR: (Name, legal slaws and address) G.E. Marshall, Inc. 1351 Joliet Rd. Valparaiso, IN 46384 Document t A310 Tail 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (Name, legal status and prinelpal place of havinem) Fidelity and Deposit Company of Maryland 600 Red Brook Blvd, Suite 600 Owings Mills, MD 21117 Mailing Address for Notices OWNER: 1299 Zurich Way (Name, legal stahrsardaddAw) 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: Wanrc, location or address. andPrq/ectnumber, ljanjj Three Twenty at The Cascade - Site Utilities, Project No. 118-074 D 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 arc 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 tine specified in the biddocuments, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) colors into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bouds 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 Owtter, for the faithful perfortttatce of such Contract and for 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 Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlbrni the work covered by said bid, then this obligution shall be null Lind void, otherwise to remain in lull lioree and ell'ect. The Surety hereby waives any notice ol'un agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver ol'notice by the Surely shall not apply to Lilly extension exceeding sixty (60) days in the aggregate beyond the lime lbr acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent Ibr 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 term Owner shall be deemed to be Contractor. When this Dond has been furtrished to comply %villr a statutory or archer logul requirement in Eire location of (ImPt in this Bond conflicting with xuid slulutory or legal requirement gull he deamed deleted lictellrorm and provlsioktia s 1 tultolury° or other legal requirementtalnull be dea rrted inlctrrparruted herein. When soltrntislned, the intent is unit,, xd s�rdl co�bstru as a statutory bond and not us u common law bond. Signed and scaled this 11 th day of December, 2018. SEAL lll�ltn�� 0�/ rz� (11 trrem) n IX, Postma G.E. Marshall, i c,' (Prlaclpab a aria By: (Tllle)F A. Marshall, Presiders Fidelity a?'d Deposit Cornianv of m , 1ltpoz n S-00541AS 8/10