Opening of Bids - 2018 Street Paving Project No 118-070 - Rieth Riley Construction Co Inc

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2r6jE11M Fffi �kb KNOW ALL MEN BY THESE PRESENTS, TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA Hartford, Connecticut 06183 That we, RIETH-RILEY CONSTRUCTION CO- INC. as Principal, hereinafter called the Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, of Hartford, Connecticut, a corporation duly organized under the laws of the State of Connecticut, as Surety, hereinafter called the Surety, are held and firmly bound unto City of South Bend, Indiana as Obligee, hereinafter called the Obligee, in the sum of Five Percent (5%) of total F5121 Dollars ($ 5% of bid ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for 2018 Street Paving Project No. 118-070 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obkgee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bidl, then this obligation shall be null and void, otherwise to remain in fulil force and effect. sealed this 9th DawrL,E. Armstrong day of August 2018 RIETH-RILEY CONSTRUCTION CO., INC. (Principal) (Seal) U te i0th, a amive-, Sales Manager TRAVELERS CASUALTY AND INSURANCE COMPANY Sandra M. Nowak, Att6r-hey-i n- Fact