Opening of Bids - 2022-2023 Water Treatment Chemicals - JCI Jones Chemicals Inc.

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Document A310 TM -2010 Conforms with The American Institute of Architects AIA Document 314 Bid Bond CONTRACTOR: tMenne, legal sicaus and addm m) JCI Jones Chemicals, Inc. 600 Bethel Avenue Beech Grove, IN 46107 OWNER; (Xanx. legal status and addrew) City of South Bend 227 West Jefferson Boulevard South Bend. IN 46601 SURETY., (Menne, legal rtalusand frrincilrallducecflnoiner) Federal Insurance Company 202B Hall's Mill Road Whitehouse Station, NJ 08889 Mailing Address for Notices Same as above BOND AMOUNT: $ 10% Ten Percent of Amount Bid PROJECT: Wame. locatiottoraddresz audl'rojectnumber, rfanj% Water Treatment Chemicals 2022-2023 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. The Contractor and Surety arc bound to the Owncr 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 arc such that if the Owncr accepts the bid of the Contractor within the time specified in the bid documents, or within such tine 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 terms of such bid, and gives such bond or bonds as inny be specified in the bidding or Contract Documents, with a Surety adinitted in the jurisdiction of the Project and otherwise acceptable to the On -iter, for the faitllful performance of such Contract and for the prompt payment of labor and material fnriished in the prosecution thereof; or (2) pays to the Owner tite difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner niay in good faith contract with another party to perlhnn the work eovered by said bid, then this obligation snail be null and void, otherwise to remain in I'uil Ibrce and ell'ecl. The Surety hereby waiver any notice plan agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. %L'oiver of notice by the Surety shall not apply to any extension exceeding sixty (64) days in the aggregate beyond titre lime for acceptance ol'bids tipecilied in the bid documents, and (lie Ownerand Contractor shall obtain the Surety's consent for an exiension beyond sixty (60) days. if this Bond is issued in conncetion with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be doomed to be Subcontractor and the tail Owner shall be deemed to be Contractor. When this Bond has been liimislied to comply VvilEt a statutory or other legal requirement in [lie location of the project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herei'rom and provisions conliinning 1E) such statutory or other legal requirement shall be deemed incorporated herein. When till furnished, the intent is [fiat this Bond Shall be construed as a statutory bond and not as a common illy bond. Signed and scaled this 12th dayof April, 2022 :-- JCI Jones Chemicals, Inc. —' (Principal) (Seal) (ti'itnessj "` By: Federal insurance Company w By: (7ule) Willia T. Krumm Attorney -in -Fact �'l►r taNl` S-0054/AS 8110