Opening of Bids - Calvert St. Lift Station Replacement - Proj No. 116-053 - Woodruff & Sons, Inc.

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Bid Bond CONTRACTOR: (A4nue, legal suits and addrecr) Woodruff & Sons, Inc. 2125 E US Highway 12 Michigan City, IN 46304 OWNER: Wane. legal startus and address) Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (,'1'nnte, legal srnais mid prfircipal place rfl urblety) Hartford Accident and Indemnity Company One Hartford Plaza Hartford, CT 06155 - 0001 Mailing Address for Notices City of South Bend, Indiana, Department of Public Works Count City Building, Room 1316 227 West Jefferson Blvd South Bend, FL 46601 BOND AMOUNT: $ 5% Five Percent of Amount Bid 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. PROJECT: (.tierce, location or addm,= mrdProjeclmrniber, lfmr}) Project No. 116-053 - Calvert Street Lift Station Replacement Project - South Bend, IN. The Contractor and Surcty arc bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves. their heirs, executors, administrators, successors and assigns jointly and severally, as provided herein. The conditions of this Bond arc 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 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 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 ilia amount of this Bond, between the amount specified in said bid and such larger amount forrhich the Owner may in good faith contract with another party it) perlbron [lie work covered by said bid, then this obligation shall be null and void, otherwise to rennin in full three and eflbcl. 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. Waiverol'notice by the Surely, shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance ol'bids specified in the bid dhwunhents, and Elie Owner and Contractor Shull obtain the Surely's consent lire an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tern 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 lihmished to comply with a statutory or other legal requirement in [lie loculion ol'the Project, any pmvisian in this Bond conflicting with said statutory or legal requirenhenl shall be deemed deleted herelinm and provisions conlihmting to such slalulory ar other legal requirenhent skull be deemed incorporated herein. When so) lihmished, the intent is that this Bond shell be anstrued as a statutory, bond and not as a common law bond. Signed and scaled this 1 St day of December, 2016. (11?111ess) Mi ae A. Edinger (IP(aiext) S-0054/AS S/10 Woodruff & Sons, Inc (Principal) (seal) By: Rrlle) Todd R. Bell,, Vice Preside Hartford Accident and of deity C