Opening of Bids - River Glen Office Building Demolition Proj No 126-030 - Green Demolition Contractors

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'T'1-HE CINCINNATI INSURANCE COMPANY Bid Bond CONTRACTOR (Name, legal status and address): Green Demolition Contractors, Inc, 315 Brighten St. Ste 1 LaPorte, IN 46M OWNER (Name, legal status and address): City of South Bend, lndlena Board of Pub9c Works 216 S Dr Martin Luther King Jr Blvd South Bend, IN 46601 BOND AMOUNT: WF1ve Percent SURETY (Name, legal status and principal place of business). THE CINCINNATI INSURANCE COMPANY 6200 S. GILMORE ROAD FAMFIELD, OMD 4501"141 This document has tmportant legal consefluenom Consuttation with an attorney Is encouraged with respect to its oompletion or modifloa6On Any singular reference to Contractor. Surety. Owner or other party shall be considered plural where appilc " PROJECT (Name, location or address, and Project number, if any). River Glen Office Buiiding Demolition Project Number, if any: 248 Columbia St, 404 Coturnble St, 501 E Monroe St 126-030 South Bend, IN -Demolition and Site Restoration The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Suety bind themselves,then bars, executors, administrators, successors and assigns, jointly and severally, as vided herein The ooaditions of this Bond are such that if the Owner accepts the bid of the Contactor within the time specified in the bid doctnnents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a eontmd 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 Document% vnth 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 aid material furnished m the prosecution thereof; or (2) days to the Owner the dtf i=ce, not to w=ed the amount of this Bond, between the amours specified in sand bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said Ind, then this obligation shall be null and void, otherwise to remain in-fiill force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in winch the Owner may accept the bid. Waiver of notice by the Surety sball not apply do any extension exceeding sixty (60) days m the gate beyond the time for acceptance of bids sped ed m the bid documents, and the Owner and Contractor 6411 obtain the Surety's oonseat for an extension beyond the sixty (60) If this Bond is issued in connection with a subcontractor's bid to a Cmtractor, the term Contractor in this Bmd shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractar. When this Band has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or Iegal requirement shall be deemed deleted herefiom and provisions conforming to such statutory or other legal requiremerrts shall be deemed mcorperated herem. When so frmished, the intent is that this Bond shall be construed as a statutory bond and not as a canmon law band Signed and sealed dus 2a day of A01 2W8 Green Demolition Contra , Ina - - (P ✓ -(SW ) Peter Monger. President The C =*W awcuting this load vouches that this document conft= to Amencw of Arduteca S-2000,AIA (11110) PUBLIC