Opening of Bids - 315 & 319 W Jefferson Exterior Renovations Project No 119-064 - Midland Engineering Company

Home Browse Search

Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Midland Engineering Co., Inc. PO Box 1019 South Bend, IN 46624 OWNER: (Nance, legal stales and address) SURETY: (Name, legal status and princilnil place e f business) The Cincinnati Insurance Company P.O. Box 145496 Cincinnati, OH 45250-5496 Mailing Address for Notices Same as above City of South Bend - Board of Public Works 227 W Jefferson Blvd South Bend, USA 46601 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (,'Vanua, location or address andl'rojectnumber, ifainj 315 & 319 W. Jefferson Exterior Renovations 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 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 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 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 the 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 may in good faith contract with another party to perlimn the wort: covered by said bid, then this obligation shall be null and void, otherwise to remain in lidl Ibrce and eilect. The Surety hereby waives any notice ofan agreement between Elie Owner and Contractor to extend the lime in which the Owner may accept the bid. Waiverornotic:e by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond flue time Ibr acceptance orbids specified in the bid documents, and Elie Owner and Contractor shall obtain the Surety's consent lirr all 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 Bond has been furnished to comply with a statutory or other legal requirement in the locution or the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefront and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed US a slalUtory bond and not as a Common law bond. Signed and led this 13th day of August, 2019. 4-01 I i'ltttass) Kenneth A. Sage, Secretary (lPunessy S-0054/AS 8/10 Midland Engineering Co., Inc. (Principal) (Sewal) B Michael W. Frahn, CPA — President/CHD/C F0 The Cincinnati Insurance Company (Surety) (lyedl) B 'dX/ jj lilt VlWatnleen • r * 7,