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:. MA
<br />CONTRACTOR:
<br />Name, legal status and address)
<br />R YODER CONSTRUCTION, INC.
<br />27453 Cty Rd 150
<br />Nappanee, IN 46550
<br />OWNER:
<br />(Name, legal status and address)
<br />City of South Bend Board of
<br />Public Works
<br />227 W Jefferson Blvd
<br />South Bend, IN 46601
<br />Documient A311 OTM -2010
<br />SURETY:
<br />(Name, legal status and principal
<br />place of business)
<br />Granite Re, Inc.
<br />14001 Quailbrook Dr
<br />Oklahoma City, OK 73134
<br />BOND AMOUNT: Five Percent of the Bid Amount (5.00% of Bid Amount)
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Century Center Parking Lot Entry Gateway Improvements
<br />Project No. 118.035A
<br />Bid Bond No. GR17560
<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 and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor
<br />and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided
<br />herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the
<br />bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (I)
<br />enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be
<br />specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise
<br />acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material
<br />furnished in the prosecution thereof, or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between
<br />the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to
<br />perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
<br />The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner
<br />may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate
<br />beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's
<br />consent for 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 be
<br />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, any
<br />provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions
<br />conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent
<br />is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 20th day of September, 2019
<br />(Witness)
<br />AIA Document A3101"— 2010. +dap
<br />Itocurneurt Is protected by id,9, copy
<br />any poruon of it, may ve.^;,uult, in severe
<br />INCd
<br />(Princl (Seal)
<br />(Title)
<br />r'
<br />(Surety) ��-,,... (Seal)
<br />(Title,)M Ichael . Douglas, Attorney -in -Fact
<br />963, 1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING: This AIA®
<br />trIAnd International Treaties. Unauthorized reproduction or distribution of this AIA® Document, or
<br />;riminal petwities, and will be prosecuted to the maximum extent per>ss")Ie, under the law,
<br />The American Institute of Architects' legal counseh"y' j1:y.d917:t iA&-2, 061110
<br />
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