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<br />,-AIA Document A31 OTM -2010
<br />Bid Bond
<br />CONTRACTOR:
<br />(Na mc, legal status a nd address;)
<br />Majority Builders, Inc.
<br />62900 U.S. 31 South
<br />South Bend, IN 46614
<br />OWNER:
<br />(Name, legal status and address)
<br />City of South Bend Board of Public Works
<br />SURETY:
<br />(Nance, legal status and principal place
<br />of business)
<br />Hartford Accident and Indemnity Company
<br />Hartford, CT
<br />County -City Building Room 1316, 227 West Jefferson Blvd
<br />South Bend, IN 46601
<br />BOND AMOUNT:
<br />Five Percent of the Total Bid ( 5% of Total Bid
<br />PROJECT:
<br />('Name, location or address, and Project number, if any)
<br />Technology Resource Center; Project No. 118-090
<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 acid. 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 within such time period as may be agreed to by the Owner and
<br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the tertn,s 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 bid 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 herefroirm 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 />March 2019
<br />y ajorit.BuilKde2t
<br />Inc.gn sea e t s 5 a ofi e an�.. �,(Pri�nci al) Seal (tness)e S i n P esident and Indemnity.ornpany(emery1lart ford e . )
<br />(Seal
<br />(Witness) (........) ��iira tiir L. las��''•
<br />Title ia„ Mto yin Fact
<br />C,ALITIOt1 You should sign an original AIIA Contract Document, iils7Gwhit i tlhiis text appa� ams Ifni RED. �Ikiui orl4tt"u'mnat assures tlmiit
<br />changmisn will not: be: obscuired.
<br />AtA Inocuntent A310 ra 2010. Copyright 9963, 1 70 and 2010 by The American Institute of Arctitects. All tights, r ` ._...m
<br />Init. rt tat... — �— � reserved, kFt�d�lPtt: Tmsdms tiNA�"'
<br />[ � urnent is protected Iby D.d, eop yflght Il.aw and lnteunationall Treaties. Unauthorized n•eproductton or distribution rut this AiA* Document„ of
<br />a
<br />any iimuoii art Gt, may in severe cnvll and crlimiinal pernaltues, and wiilll be prosecuted to the maArnuuir esteiit possible underthe Ilaw.
<br />/ Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract Documents, e-mail
<br />The American Institute of Architects' legal counsel, copyright pala.org. 061110
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