Opening of Bids - 2018 Street and Sewer Dept Materials - Walsh & Kelly, Inc

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- V-1 L.-I 17=3 I surety 0 + 908.903.3485 202B Halls Mill Road, PO Box 1650 F + 908.903,3656 Whitehouse Statlon, bil 08889.1650 Federal Insurance Company A1A Document A3101m - 2010 Sid Bond Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name legalstatusandaddress): WalshKelly, Inc. 24358 State Road 23 South Bend, IN 46614 OWNER OVame legal status pr address): City of South Ben ndiana Board of Public Works, County City Bldg, Room 1316 227 West Jefferson Blvd, South Bend IN 46614 BOND AMOUNT In the amount of not less than ten percent (10%) of the bid. PROJECT (Name, location or address, and Project number, if any) 2018 Street and Sewer Department Materials Project No. 118-031 SURETY (Name, legal status and principal place of business): Federal Insurance Company 202B Hails Mill Rd., PO Box 1650 Whitehouse Station,lq 08889-1650 The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their hears, 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 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 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 subcontractor's 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. Printed In cooperation with theAmerican Institute ofArchilects (AW by Chubb. The language in this document conforms to the language used in AlADocument ,A310 n"-2010. Form 15-02-0579-FBi) fty. 3117)