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Opening of Quotes - 120-017 CSO 18 Backwater Valve Replacement Proj No. 120-017 - Grand River Construction Inc.
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Opening of Quotes - 120-017 CSO 18 Backwater Valve Replacement Proj No. 120-017 - Grand River Construction Inc.
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9/14/2021 2:49:25 PM
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Board of Public Works
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Projects
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9/14/2021
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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Hudsonville, MI 49426 <br />RE: Bonding Capacity <br />To Whom It May Concern: <br />Please let this letter serve as confirmation that Grand River Construction, Inc.is a valued client <br />of both The Horton Group and Hartford Accident and Indemnity Company. Hartford Accident <br />and Indemnity Company has been privileged to provide bonds for Grand River Construction, <br />Inc for over 25 years and during this time they have performed bonds in the range of <br />$20,000,000. <br />Hartford Accident and Indemnity Company is currently providing bonding capacity to Grand <br />River Construction, Inc. on single jobs of $30,000,000 with a $60,000,000 total work program. <br />Bonds in excess of these parameters have been and will continue to be considered on a case- <br />by-case basis. Grand River Construction, Inc. has a sliding rate scale beginning at $8.00 per <br />thousand and slides down from there. <br />Any arrangement for bonds is a matter between Grand River Construction, Inc. and the surety, <br />and we assume no liability to you or any third parties if, for any reason, we do not execute any <br />specific bond(s). <br />We have every confidence in Grand River Construction, Inc. and likewise recommend them for <br />your consideration. <br />Hartford Accident and Indemnity Company is listed on the U.S. Treasury list of approved <br />Surety Companies (Dept. of Circular 570) and has a rating of A+ XV according to A.M. Best <br />Rating Services. <br />Sincerely, <br />Tracie House <br />Asst. Client Manager-Surety <br />Horton Surety Services <br />574-334-5533 <br /> <br />September 13, 2021 <br />Grand River Construction, Inc. <br />P. O. Box 323
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