Opening of Bids - Traffic Signal Detection Improvements Proj No. 120-046 - Hawk Enterprises, Inc.

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[ -r91JQ p Fidelity and Deposit Company of Maryland Colonial American Casualty and Surety Company Home Office: 1299 Zurich Way Schaumburg I1. 60196 ATA 13ocument 310 - 20101131d Bond CONTRACTOR (Name, legal status and address): Hawk Enterprises, Inc. 1850 E. North Street Crown Point. IN 46307 OWNER (Name, legal status and address): City of South Bend.,. Indiana. Board of Public Works 227 W. Jefferson Blvd. South Bend IN 46601 SURETY (Name, legal status and principal place of business): Fidelity and Deposit Company of Maryland 1299 Zurich Way. 5th Floor Schaumburg. IL 60196-1056 Bond Amount: 5% Five Percent of the Base Bid Plus Any Alternates PROJECT : (Name, location or address, and Project number, if any): Traffic Signal Detection Improvements; Project No. 120-046 The Contractor and Surety are bound to the 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 this 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 in to a contract with the 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 ofthe Project and otherwise acceptable to the Owner, for the faithful performance ofsuch Contract and for the prompt payment of labor and material furnished 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 to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice 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 Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed by the Contractor. �•R1'►�h\��i When this Bond has been famished to comply with a statutory or other legal requirement in the location of the Project, vlsrau.JJFT rq this Bond conflicting with said statutory or legal requirement shall be deemed deleted here from and provisions egpoyrg to such• y statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that 1$' Cnd shall be �• construed as a statutory bond and not as a common law bond. AN n igned nd sea d is 6th day of _ October 2021 �'.z! Hawk Enterprises, Inc.()��! 'DIANA i e s) 1 C ORATION , (P ' tp i �p OtPps� B ' ; ,•44ws (Tits kill f1 PLAa� Fide 1ty and Deposit Company of Marylarl�}��..�� (witness) Andrew A. Lanphere (S h' iw 7890 g (A (T: ngela M y, ttorney-in- act Language conforms to AIA Document A310 Bid Bond aro70001ZZ0311 f