Quote Opening - Ireland Road Storm Repairs Proj No. 116-083G - Selge

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MERCHANTS BONDING COMPANY. MERCHANTS BONDING COMPANY (MUTUAL) P.O. BOX 14498, DES MOINES, IOWA 50306-3498 Bid Bond PHONE: (800) 678-8171 FAX: (515) 243-3854 CONTRACTOR: (Nam', legal status and address,) Selge Construction Co., Inc. 2833 S. I Ith Street Niles, MI 49120 OWNER: (Name, legal status and address) City of South Bend, Indiana, Board of Public Works 227 W. Jefferson, Room 1316 South Bend, IN 46601 BOND AMOUNT: Five (5%) of Accompanying Bid PROJECT: (Name, location or address, and Project number% if anj) Ireland Road Storm Repairs, Project No. 116-083G South Bend, Indiana Bond Number: N/A SURETY: (Name, legal .talus and principal place njbusiness) Merchants Bonding Company (Mutual) A Cut oration 6700 Westown Parkway, West Des Moines, IA 50266 This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Conn -actor 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 time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with die 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 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 and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall 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 Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractors bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall 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 legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and sealed this 20th day of October, 2016 Selge Constmctio Co., Inc. r (Principal) (Seal) Witness) Jame Boyles, Vi ( President ) (Title) Merchants Bonding Com an Mutual (Surav) < Seal) (Tille) . _ in Hughes, Attorney-fin.Fact CON 0657 (2/15) Printed in cooperation with American I f to of Architects (AIA). 'Phe la guage in this document conforms exactly to the language used in AIA Document A310-Bid Pond-20I0