Opening of Bids - 2018 Street and Sewer Dept Materials - Ozinga Ready Mix Concrete, Inc.

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Document A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Ozinga Ready Mix Concrete, Inc. 715 W. Ireland Road South Bend, IN 46614 OWNER: (Name, legal status and address) City of South Bend Board of Public Works 227 West Jefferson South Bend, IN 466,01 SURETY: (Name, legal status and Prilloij)"lPlaco.- (fly,W)IOXV) Western Surety Company 333 S. Wabash Ave. Chicago, IL 60,604 Mailing Address for Notices BOND AMOUNT: 10% Ten Percent of Amount Bid PROJECT: (,Vaiple, location or addresa andilroject number, jfaitij 2018 Street and Sewer Department Materials Project No. 118-031 This document has important legal consequences, Consultation with an attorney is encouraged Will 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 ilia amount set forth above, for ilia payment of which ilia Contractor and Surcty bind themselves. their licirs, oxectitors, administrators, successors and assign%jointlyand sovemily, as provided herein. Tile conditions ofthis Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid dOCIMIC1113, or within such tinic period as way be agreed to by the 0mier and Contractor, and the Contractor either (1) enters into a contract with Ilia Omler 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 ill 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 peribmi the work covered by :;aid bid, then this obligation shall be null and void, otherwise to remain in I'till force and ellect. Tile Surety hereby waives any notice ol'an agreement between the Owner and Contractor to extend the lime in which the Owner may accept the bid. 'Waivor ofnotice, by the Stirely shall not apply to any extension exceeding ;sixty (60) days in the aggregate beyond the lime for acceptance ol'Filisspecilied in the bid dojunicrits, and the Owner und Contractor shall obtain the Surety's consent Horan extension beyond sixty (60) days, If this Bond is issued in connection with a subcontractor's bid to a Contractor, ilia tcmi Contractor in this Bond shall be doomed to be Subcontractor and ilia term Owner shall be docniod to be Contractor. When this Bond has been ftimished tto comply with astatutory or other legal requirement in the location ol'the project, any provision in this Bond conflioling vith said statutory or legal requirement shall be deemed deleted herefrorn and provisions conflonning to such statutory or other legal requirement shall be deemed incorporated herein. When so funiishod, the intent is that this Bond shall be construed as astatutory bond and not as a common law bond. Signed and scaled this 1 Oth day of April, 2018. (111111oss) Aniffess) Susan K. Landreth Ozingia Ready Mix Concrete, Inc. (Principal) (Seal) BY: (Title) Western Surety Compan Our q)(15('1110 By;�&, 12() fftfle) Kith erly Brai-og ! ttorney-in-Faci 11 1 S-0054/AS 8110