Opening of Bids - Spec L One or More 2019 or Newer Full Size Passenger Van - Jordan Ford

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: ,/,'Norse, legal sledrrs enrd rrddi ess) (Xinne, legal slolrrs and princlpal place of hnsinesi) Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company 609 E. Jefferson Boulevard 440 Lincoln Street Mishawaka, IN 46545 Worcester, MA 01653 OWNER: (Xarne, legal status and address) City of South Bend 13th Floor, County -City Building, Room 1316, 227 West Jefferson Blvd South Bend, IN 46601 BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: (Name. locallon or address, and Project rnuuher, if ar11) Spec L - One (1) or More 2019 or Newer Full Size 8-Passenger Van 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 file 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 arc such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such time period as may be agreed to by the Utvner and Contractor, and the Contractor tither (1) enters into a contract with tire Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of tiro Project and otherwise acceptable to the Owner, for the faithful performance 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 stay in good faith contract with another party to perlimn the work cowered by said bid, then this obligation shall be null and void, otherwise to remain in full fierce and ell'ect. The Surely hereby waives any notice ol'an 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 any extension exceeding sixty (60) days in the aggregate beyond the lime leer ucceptunce ol'bids specified in the bid documents; and the Owner and Contractor shall obtain the Surety's consent tier an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the terni Contractor in this Bond sliall be dccmed to be Subcontractor and the tern Owner shall be dccmed to be Contractor. When lhis Bond has been lirrnished to comply with a statutory or other legal requirement in the location ol'the Project, any provision in this Mond contlicting with said statutory or legal requirement shall be deemed deleted herel'rum and provisions conliimiing to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Mond shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 14th day of May, 2019 01-7 ress) Vf;)w F c o n fie AV y IA 1,V, .� (willies,) aura u rmes er Jordan Automotive Group dba Jordan Ford (Principal) (Seal) By: cee� &.,_P rs The Hanover Insurance Company (Sur r), (Seer!) 1 �M - B` y,: ( 110Meg n L. Burns -Hasty t orney-i,n-Fac Surety Phone No. 508-853-7200 x-4476 S-0054/AS 8/10