Opening of Bids - 2022 Curb and Sidewalk, Round I Proj No. 122-001 - Selge Construction Co., Inc.

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Document A310 TM -2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Selge Construction Co., Inc. 2833 South 11th Street Niles, MI 49120 OWNER: (Nana, legal status and addrwss) SURETY: (Name, legal status and p►fncfpal place ofhueines ) The Cincinnati Insurance Company P.O. Box 145496 Cincinnati, OH 45250-5496 Mailing Address for Notices Same as above City of South Bend - Board of Public Works 227 W Jefferson Blvd South Bend, 46601 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (,Vmne, location oraddrusa andl'rgjectnumber, (/'any) 2022 Curb and Sidewalk Construction - Round 1, Project No. 122-001 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 are bound to the Owner in ilia 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 Owner accepts the bid of the Contractor within the tine specified in the bid documents, or within such tine period as may be agreed to by the Ovaier and Contractor, and ilia 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 may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otlterwiso acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to ilio 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 play in good faith contract with another party to perlbri n the work covered by said hid, then this obligation %hull he null and void, otherwise to remuin in full liiroe and ell'ecl. The Surety hereby waives any notice ol'un agreement between the Owner and Contractor to extend the lime in which ilia Owner may accept the bid. Waiver ol'notice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond ilia lima fir acceptance ol'bids specilied in the bid documents, and ilia Omierund Contractor shull obtain the Surety's consent Im 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 doomed to be Subcontractor and the teen Owner shall be deemed to be Contractor. When this ilond has been furnished to comply with u statutory or other legul requirement in the locution ol'Ihc Project, any provision in this Bond Conflicting with said slututory or legal requirement %hull be deemed deleted herefrom and provisions confi►rnning to such statutory or other legal requirement shall be deemed incorporated herein. When so Iamished, Ilia intent is that this Bond shall be construed us a statutory bond and not us a common law bond. Signed and scaled this 12th day of July, 2022. 1 1 rff'fl►rvss) Allison Swinehart, Secretary Selge Construction Co., Inc (Principal) (Seal) t- t7'//le Robert Kuhns, Prof Engineer The Cincinn4 Insurance Companye 111 /►rasa) ❑ EspiCk By: �C. [' 'Z ��racie House, Attorn -in-Fact S•0054/AS 8/10