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 ML e e CONTRACTOR: ('Vane, legal slats a• rind addres+) Ferguson Enterprises, LLC dba Ferguson Waterworks 1077 Oliver Plow Court South Bend, IN 46601 OWNER: (Namit, legalslamsandaddr=) City of South Bend 1316 County -City Building 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: 5% SURETY: QVimre, legal stoner mid prfucipal place rjbrevineev) Federal Insurance Company 202B 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: (,Name, location oraddrug mrd14•oJectn umber {J'm0) Ductile Iron Pipes, Valves, and Hydrants Project No. 120-054 The Contractor and Surety arc bound to die 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 tins 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 die 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 otheniise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material famished 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 die Owner may in good faith contract whir another party In per iimi lite work covered by said bid, then this obligation shall be null and void, otherwise ro remain in full Ibrce and eflecl. Tla Surety heretq• ivaives any notice of all agreement between the Oiiner and Contractor to extend the time in which the Owner may accept the bid. Waiver oft olico by the Surety shall not apply hr any extension exceeding sixty (60) days in the aggregate beyond the [into for acceptance ol'bids specified in the bid documents, and Hie Owner and Contractor shall obtain the Surely's consent lbr an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontmctots bid to a Contractor, the tome Contractor in this Bond shall be doomed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been famished to comply with it statutory or other legal requirement in [be location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conliaming to such statutory or other legal requirement sball be deemed incorporated heroin. When so Ibmislied, the intent is that (Itis Bund Nhall be construed as a statutory bond and not as a common late bond. ,teal air r r r r 4, Signed and scaled this 24th day of November, 2020. J :'GOMPA,y�,QiN /ELI W - F-raucon Fntrpri�c _q, LLC dha FPrgo�Vt�af&ty4or •, (ti : (IVimm)- (flde) .SEAL .•' • :� r ,,;i I ^ Federal InsuranceComptany�., /nerd)'' (mtmevx) W Lee Wadkins By: ` •, "% li Y . (liNe) Pablo Rios, Jr. Attorne'�?liacfact i S•00841AS 8110