Opening of Bids - Spec T One or More 2019 or Newer 4x4 Crew Cab Concrete Truck - Jordan Ford

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ocumT ent A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (N'aine, leged stators arid address) (,'nine, legal status mid prfnclpul place e f huviness) Jordan Automotive Group dba Jordan Ford The Hanover Insurance Company 609 E. Jefferson Boulevard 440 Lincoln Street This document has important legal consequences. Consultation Mishawaka, IN 46545 Worcester, MA 01653 with an attorney is encouraged with respect to Its completion or OWNER: modification. (,Vance, legal staters and address) Any singular reference to City of South Bend Contractor, Surety, Owner or other party shall be considered 227 W Jefferson Blvd, Ste 1316, County -City Building plural where applicable. South Bend, IN 46601 BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: (Mania, location or address and Project number, ljar{i) Spec T - One (1) Or More 2019 or Newer 4X4 Crew Cab Concrete Truck 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 tine 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 perl'orm the work covered by said bid, then this obligation shall be null and void, otherwise to remain in lull lirrce and ell'ect. The Surely hereby waives any notice ol'un agreement between the Owner and Contractor to extend the lime in which the Owner may accept Elie bid. Waiverol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the lime lirr acceptance ol'bids specif ied in the bid documents; and the Owner and Contractor shall obtain the Surety's consent for 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 teen Owner shall be deemed to be Contractor. When this Bond has been Banished to comply with a statutory or other legal requirement in the location ol'the project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herel'rom and provisions eonlirnning Ecr such statutory or other legal requirement shall be deemed incorporated herein. When so 1'umished, the intent is that this Bond shall be construed as a statutory bond and not as a comnwn law bond. Signed and scaled this 10th day of September, 2019 Jordan Automotive Group dba Jordan Ford (Principal) (Seal) (1VItness) f 0 f �/ ar tDu �' f (Tilli) jc-, oS�'rs ✓itf Er. TheHanoverInsurance Company fSeal). 6' (l'lttii:.$) arlssa D. LedUydr t B ( ilc)fv'ieg Burns -Hasty ney-in-Fact Surety Phone No. 508-853-7200 x-4476 S-00541AS 8/10