2019-496-E AMS - Muter Construction Seymour Center expansion

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DocuSign Envelope ID: 12DCC4E1-4D61-4DOE-A2A2-7C6E689613AC 01 � rn+ Document A31 - 2010 Bid Bond CONTRACTOR: SURETY: (Manse, legal status and address) (Name,legal status and prinellml place of Muter Construction,LLC business) Fidelity and Deposit Company of Maryland The author AND document has 100 N.Arendell Avenue ry P p y rY The author of this document has Zebulon,NC 27597 Contract Surety Bond Claims,c/o ZURICH added information needed for Its OWNER.' 1299 Zurich Way,Schaumburg,IL 60196-1056 completion.The author may also (Alatne,legal.status and addrless) have revised the text of the original AIA standard form.An Additions and Orange Count Deletions Report that notes added g y information as well as revisions to 200 South Cameron Street the standard form text is available P,a.Box 8181 from the author and should be Hillsborough NC 27278 reviewed,A vertical line In the Jeff margin of this document Indicates BOND AMOUNT:$ Five percent of Amount Bid_--(53o) where]he author has added necessary information and where PROJECT: the author has added to or deleted (Nairn,location a•addre.Fs,and 1'rojecl number, "an), from the origInet AIA text. Orange County Southern Expansion This document has important legal 2551 Homestead Road consequences,Consultation with an Chapel Hill.,NC 27516 attorney Is encouraged with respect to its completion or modification, The Contractor and Surety are bound to the Owner in the amount set forth above,for the Any singular reference to payment of which the Contractor and Surety bind themselves,their heirs,executors, Contractor,Surety,Owner or other administrators,successors and assigns,jointly and severally,as provided herein.The party shall be considered plural conditions of this Bond are such that if the Owner accepts lire bid of the Contractor where applicable. within the time specified in the bid docurnents,or within such time period as may be agreed to by the Owner and Contractor,and lire Contractor either(1)enters into a. contract with the Owner in accordance with the terms ofsuc11 bid,and gives such bond or bonds as in ay be specified in the bidding or Contract Documents,with a surely admitted in the jurisdiction of the Project and otherwise acceptable to the Owner,for the faith fill l perforniance 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 Bored,between the amount specified'sit said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid,then this obligation shall be null and:void,otherwise to remain in full force and effect.The Surety hereby waives any notice of an agreement between the Owner acid C°ontrootor to extend the time in which the Owner may accept the bid.Waiver of notice by the Surety sliall not apply to any extension exceeding sixty(60)days in the aggregate beyond the time for acceptance of bids specified in the bid documents,and the Owner and Contractor shall obtain the 8urely'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 term Owner she ll be deemed to be Contractor. When this Bond 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 AIA Document A3101"-2010.Copyrigh10 1963.1970 and 2010 by The Ameacern Institute nrArchhects.All rights resarved.WARNING:This AIA' Init. Document is protected by US,Copyright Low end International Treaties.Unauthorized reproduction or distribt€flog of this AIA'r Document,or any portion of it,may ro5Ult in seVare clvlt and c[Im Ina I pan anios,and wilt be prosecuted to the maximum extant possible under the law.This document I was pmduoed by AiA software at r a:00:1 a ET on 11/13/2018 under Carder No.5089761115 which expires on 03126t2018.and is not for resale. Uor Notes: (MADAM)