Opening of Bids - Ductile Iron Pipes, Valves and Hydrant Material Specs Proj No. 120-054 - Ferguson Waterworks

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (,'Warne, legaisfaPos and nddraty) Ferguson Enterprises, LLC dba Ferguson Waterworks 1077 Oliver Plow Court South Bend, IN 46601 OWNER: (Name, legalslaersandaddrars) City of South Bend 1316 County -City Building 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: 5% SURETY: (Mirme, leget/s/alux and principal place glhraineyy) Federal Insurance Company 2028 Hall's Mill Road Whitehouse Station, NJ 08889 Mailing Address for Notices 202B Hall's Mill Road Whitehouse Station, New Jersey 08889 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. Five Percent of the Base Bid plus Any Alternates PROJECT: (Nana, location oraddnss andl'raJaetunmber, i1 mr}) Ductile Iron Pipes, Valves, and Hydrants Project No. 120-054 The Contractor and Surety aro bound to the Owner in ilia amount set forth above• for the payment of which the Contractor and Surety bind themselves• their heirs, oxecutors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond aro such that if ilia 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 tiro Owner and Contractor, and the Contractor either (I ) enters into a contract width the Owner in accordance with the termsofsuch 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 Oaner, for the faithful perfomtance of such Contract and for the prompt payment of labor and material fitmished in ilia prosecution thereof: or (2) pays to ilia Owner the difference, not to exceed ilia amount of this Bond, between the amount specified in said bid and such larger amount for which ilia Owner may in good faith contract with another party to peribrin the work covered by said bid, then this obligation shall be null and void, otherwise to remain in fill force and effect. The Surety hereby waives any notice of un agreement between the Owner and Contractor to extend the time in which ilia Ownermay, accept the bid. Waiverol'notice by ilia Surety skull not apply to tiny extension exceeding sixty (60) days in ilia aggregate beyond the time for ucceplunce orbids specified in the bid documents, unit ilia Owner and Contractor %hull obtain ilia Surety's consent lir an extension beyond %ixly (60) days. If this Bond is issued in connection with a subcwltmetor's bid to a Contractor, the tcnn Contractor in this Bond shall be doomed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this nand has been filmished ht comply with it statutory or other legal requirement in the locution or ilia Project, any, provision in this nand conflicting with mid statutory or legal requirement shall be deemed deleted herefrom and provi%ions conhrmting to such statutory or other legal requirement %hail be deemed incorporated herein. Wizen so rumhabed, ilia intent i% that [Itis nand shall be construed a%a statutory bond and nal as coniniotl law band. ..x80001/Ir Signed and scaled this 24th day of November, 2020. (U9bress) (11711ness) W Lee Wadkins Rios, Jr. S•00541AS 8110 r0 trNTF ''• RA N? :r GININ nmHN,