Opening of Bids - 2019 Street and Sewer Dept Materials Project No 119-008 - Ozinga Ready Mix Concrete Inc

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Document A310 T ° - 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: (Nance, legal sratres and address) City of South Bend Board of Public Works 227 West Jefferson South Bend, IN 46601 SURETY: (Name, legal status and principal place ofkalnexv) Western Surety Company 151 N. Franklin Street Chicago, IL 60606 Mailing Address for Notices BOND AMOUNT: 10% Ten Percent of Amount Bid PROJECT: (;Vance, location oraddrass andllmject number, tfacny 2019 Street and Sewer Department Materials Project No. 119-008 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. 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 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 1'roiect and otherwise acceptable to the Owmer, 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 tlmis 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 perlbrm the work uwered by said bid, then this obligation shall be null and void, otherwise to remain in full Rrree and ell'ecl. The Surely hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which lire 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 ol'bids specified in the bid documents, and the Ownmer 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 temm Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Mond has been tarnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conllicling with said statutory or legal requirement shall be deemed deleted herelrom and provisions conlimmring to such statutory or other legal requirement shall be deemed incorporated herein. Wien so furnished, the intent is that (his fiend shall be construed us a statutory bond and not as a common law bond. Signed and sealed this 26th day of March, 2019 ( l�flrctsr) mtaerly Bra S-0054/AS 8110 Ozin a Ready Mix Concrete Inc. (Principal) (Seal) By: rntle) Western Sure!Company (�Vrrrrr) (Seal)B Milo) Sarah E. Green Attorney-ir-ract