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Init.
<br />CONTRACTOR:
<br />(Name, legal status and address)
<br />Plerniurri Concrete scniccs. 111c
<br />712 Rachniond St
<br />Hildiart, IN46516)
<br />OWNER,
<br />(Name, legal status and address)
<br />City of South Rend Board ol'Public Works
<br />OTM
<br />SURETY:
<br />(Name, legal Status and principal place
<br />of business)
<br />Old RtpUblic 111SLirance Company
<br />Brookfield, WI
<br />COUnty-City Building, 13th Floor, Room 1316,227 West Jefferson
<br />SOLIth Bend, IN 46601
<br />BOND AMOUNT:
<br />Five Percent of the Total Rid 5''i) of Total Bid
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />2020 Curb and Sidewalk Corisiruction, Project No. 120-001
<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
<br />Conti -actor and Surety bind themselves, their heir-s, executors, adiniriistrators, 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 firne 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 (l ) enters into a contract with the Owner in accordance with the ter -ins of such
<br />bid, and gives such bond or bonds as may be specified in the bidding or Conti -act Documents, with a surely admitted
<br />in the jurisdiction of the Project ect and otherwise acceptable to the Owner, for the faithful perforlilance 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 rernain in full force and effect. The Surety hereby waives any notice of
<br />air 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 comiection Nvith 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 deerned deleted herefrorn and
<br />provisions conforming to such statutory or other legal requirement shall be deerned incol1wrated herein. When so
<br />furnished, the iritent is that this Bond skill be Construed as a statutory bond and not as a corronon law bond.
<br />Signed and scaled this 7lh day of May 2020
<br />"'�rr" in Oncrete ser-vice's. [tic.
<br />(Principal) (Seal)
<br />(Witness)rpm
<br />(Title)
<br />Old Republic Insurarico Company
<br />CX a)v (Surety),,-, (Sea]) a
<br />(Witness)
<br />(Title"'' lennifer KaS7 a. Alt(orney in 1, act 1
<br />(1AMIGIC You shaildd slgn ani AIA Clor-Mact tDor, uirne� it, of', 4 1, :ci,ii fts text appears lit RE1.1 An oruglina& assures ffiat
<br />c,hanges vvflt not be ob(scured,
<br />AIA DOCUrnent A310Tm - 2010. Copyright 9 1963, 1970 and 2010 by The Amencan fin5titUte of Architects. All rights reserved. WARNMG, TiAs MA`'
<br />Docuinewit !is Pirotoctod lby 4D& Gopyifigllit t, a% and lnternaVonal rerproducUoin or dWirlibutiori ofthis MA''Diccuaiiprii, or
<br />oniy porflart of iit, may remflh liar severe chili and clidminzif pemaliles, and Will hp mxsefc�UDd to the rnaxhimm extent possitile. irrideii the Ilow
<br />Purchasers are permitted to reproduce ten ('10) copies of this document when completed To, report copyright violations of AfA Contract Documents, e-mall
<br />The American institute of Architects' legal counsel, copyright(g-aia org 06o Ho
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