Opening of Bids - 2021 Street and Sewer Materials Bid Proj No. 121-018 - Ferguson Waterworks

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Document A310TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: Mmne, legal slanry and addmxv) Ferguson Enterprises, LLC dba Ferguson Waterworks 1077 Oliver Plow Court South Bend, IN 46601 OWNER: (Nrace, legalslanrsandaddrau) City of South Bend 1316 County -City Building 227 West Jefferson Boulevard South Bend, IN 46601 SURETY: !Ir'mne, legal srnrus and pNneipnl place rfbudne cr) Federal Insurance Company 202E Hail's Mill Road Whitehouse Station, NJ 08889 Mailing Address for Notices 202B Hail's Mill Road Whitehouse Station, New Jersey 08889 This document hex important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modifleatlon. Any singular reference to Contractor, Surety, Owner or other party shall be considered pluraI where applicable. BOND AMOUNT: 5°/a Five Percent of Total Bid Amount plus any Alternates PROJECT: (Aama, locnrlonoraddross; attdl'roject number, ifan}) 2021 Street and Sewer Material Bid Project No. 121-018 The Cattmctorand Sureq• arc bound to the Owner in the amount set forth above, for the payment of which the Contmctor and Surety bind t ronise yes* their heirs, executors, administrators, successors and assigns,jointlyand severe v, as provided herein. Tho conditions of this Bond arc such that if the Orvner 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 temis ofsuch bid, mud gives such bond or bonds as truly 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 the faithful perlommnce 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 the Owner may in good faith contract with another party in perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full face and ell'eel. The Surely hereby waives any notice of lm agreement between the Orvnerand Contractor to extend the time in which The Owner may umepl the bid. Waiverol'amice by 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 the Owner and Contractorshall obtain the Surety's coastal lift an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contmctor• the temr Contractor in this Bond shall be doomed to be Subcontractor and the term Owner shall be deemed to be Contmctor. When this Bnnd has been Ihmished to comply with n statutory or riher legal requirement in the location oflhe Project any provision in this Mond conllicting with said xlandory or legal reyuiromenl shell be deemed deleted herelhrm and provisions conlitmting to such evaaaaa„ae�a statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be ,LyM1'ip as a statutory bond and not as a common law bond. �.• ®Ra ` :".:��.q��+ Signed and waled�this � 13th day of April, 2021. ltPlnass) /lt'U,raur) Pablo Rios, I V SA054IAS 8fio rU Ir0 Ferguson Enterprises, LLC dba Ferguson Watmntork ; r !PHit al) (Sea!) u- /�/� •1'.SEAI. ' Federal Insurance Company ,ysip l.Snrer)) (.Seal) ae � uu� v By. , l7711e) Wendy a Wadkins,°taNr Attorney n- act