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Opening of Bids - Dubail Avenue Streetscape Proj No. 120-009 - HRP Construction Inc.
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Opening of Bids - Dubail Avenue Streetscape Proj No. 120-009 - HRP Construction Inc.
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8/10/2021 2:31:06 PM
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8/10/2021 2:30:01 PM
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Board of Public Works
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Projects
Document Date
8/10/2021
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ZURICH SURETY <br />125 YEARS <br />January 8, 2021 <br />Re: <br />HRP Construction, Inc. <br />5777 Cleveland, PO Box 266 <br />South Bend, IN 46624 <br />To whom it may concern: <br />Zurich American Insurance Company and/or its subsidiary, Fidelity and Deposit <br />Company of Maryland, have provided surety credit to HRP Construction, Inc. for <br />single projects of $15,000,000 and an aggregate uncompleted backlog of <br />$30,000,000. Zurich/F&D is rated "A+" (Superior) with a financial size category <br />of XV ($2 billion +) by AM Best. <br />Additionally, in compliance with the United States Department of Treasury's <br />Listing of Certified Companies, this letter will serve to confirm that at this time the <br />surety company Zurich American Insurance Company and/or its subsidiary, <br />Zurich North America Surety Fidelity and Deposit Company of Maryland is listed with the United States <br />Fidelity and Deposit Company of Department of Treasury's Listing of Approved Sureties according to Department <br />Maryland Circular 570, and has a US Treasury Limit exceeding $300 million. <br />300 S Riverside Plaza Suite 2100 <br />Chicago, IL 60606 If HRP Construction, Inc. is awarded a contract for a project and requests that we <br />provide the necessary Performance and/or Payment Bonds, we will be prepared <br />ht[p:((www.zurich.com to execute the bonds subject to our acceptable review of the contract terms and <br />Phone 317-753-3078 conditions, bond forms, appropriate contract funding and any other underwriting <br />E -Mail considerations at the time of the request. <br />anthony.ortman@zurichna.com <br />Our consideration and issuance of bonds is a matter solely between HRP <br />Construction, Inc. and ourselves, and we assume no liability to third parties or to <br />you by the issuance of this letter. <br />We trust that this information meets with your satisfaction. If there are further <br />questions, please feel free to contact me. <br />Sincerely <br />Zurich American Insurance Company <br />'Os" 0"'���,;, Fidelity and Deposit Company of Maryland <br />a oP o; <br />L I <br />/Jennifer L. Kasznia <br />Attorney in Fact <br />
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