Opening of Bids - LWW and Charles Martin Sr Drive Improvements Proj No 117-072A - Selge Construction Co

Home Browse Search

If ® l2,9111 i G MERCHANTS BONDING COMPANY (MUTUAL) 11.0. Box 14498, DES MOINES, IOWA 50306-3498 Bid Bond PHONE: (800) 678-8171 FAX: (SIS) 243-3854 Band Number: CONTRACTOR: SURETY'. (Name, legal status and address) (Name, legal statusand principal place Selge Construction Co.„ Inc. ofi7usines's) 2833 S. 1 Ith Street Merchants Bonding Company (Mutual) Niles, MI 49120 A C'or oration 6' oration Parkway, West Des Moines, IA 50266 OWNER: (Name, legal status and address) City of South Bend, Indiana, Board of Public Works 227 W. Jefferson Blvd. This document has important legal South Bend, IN 46601 consequences. 'Consultation with an attorney is encouraged with BOND AMOUNT: Five Percent (5%) of Accompanying Bid respect to its completion or modification. PROJECT: Any singular reference to (datne, location or address, and Pr6j'ect ]7Pvnbel., { any) Contractor, Surety, Owner or Lincoln Way West and Charles Martin Sr. Drive Improvements other party shall be considered Project No. 117-072A plural where applicable. 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 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 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 bird 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 12th day of June, 2018 Selgc Construction Co.„ Inc. (Principal) (Seal) (Witness) Robert KuYms, ]Proiect Engineer (Title) Merchants Bonding Company Mutual (Surety) f (Seal) (Fitness) t (Title) Blaine Vller, Attorney -in -)fiat CON 0657 (2115) Printed in cooperation with American Institute of Architects (AIA), The language in this document conforms exactly to the language used in AIA Document A310-Bid Bond-2010