Opening of Bids - Water Treatment Chemicals 2020-2024 - Alexander Chemical Corporation

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J AIA Document CONTRACTOR: (Alirnte, legal slates and address) ALEXANDER CHEMICAL CORPORATION 7593 S. First Road, Kingsbury Industrial Plant Kingsbury, IN 46345 OWNER: ('Pame, legal status and address) CITY OF SOUTH BEND SURETY: (.\Name, legal.slalu,s and Principal place of business) HARCO NATIONAL INSURANCE COMPANY 702 Oberlin Road Raleigh, NC 27605 1316 County -City Building, 227 West Jefferson Boulevard, South Bend, IN 46601 BOND AMOUNT: Ten Percent of Amount bid (10% of Amount Bid) 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. PROJECT: ('lame, location or address, and Project number, if any) Supply Water Treatment Chemicals 2020-2024 Project Number, if and The Contractor and Surely are bound to (he Owner in the amount set forth above, for the payment of which (he Contractor and Surely 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 (lie Contractor either (1) enters into a contract with the Owner in accordance with [lie terns 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 (lie faithful performance of such Contract and for (lie 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 b-,, 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 (lie Owner and Contractor shall obtain the Suretv'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 tern Contractor in this Bond shall be deemed to be Subcontractor and the tcrni 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 lierefroni and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so fumislied, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. scaled (his 6th day of April, 2020 (11"ifnTe ennil YOtti (�µ (Witness) _.AI �tl0 e" HM1 t 4 11) :.�A1 gs YCd _ . (Seal) 4s tw eert Da.vids—or-ire—Si.t.ent. ., RIRANCE MPANY i itrt 1i (Seal) (ltll�;r) ,+� Derek J. Elston Attorney in F;1ct AIA Document A31Om — 2010. Copyright C 1963, 1970 and 2010 by The American Institute of Architects. All rights reserved.