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Opening of Bids - Main Street Improvements between Dean and Sherwood Proj No. 122-045 - Rieth-Riley Construction Co., Inc.
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Opening of Bids - Main Street Improvements between Dean and Sherwood Proj No. 122-045 - Rieth-Riley Construction Co., Inc.
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11/8/2022 2:20:05 PM
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11/8/2022 2:16:43 PM
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Board of Public Works
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Projects
Document Date
11/8/2022
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No. 0074 <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />Hartford, Connecticut 06183 <br />KNOW ALL MEN BY THESE PRESENTS, <br />That we, RIETH-RILEY CONSTRUCTION CO. INC. , as Principal, hereinafter called <br />the Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, of Hartford, Connecticut, a <br />corporation duly organized under the laws of the State of Connecticut, as Surety, hereinafter called the Surety, are held <br />and firmly bound unto City of South Bend, Indiana <br />as Obligee, hereinafter called the Obligee, in the sum of <br />Five Percent (5%) of total bid Dollars <br />($ 5% of bid ), for the payment of which sum well and truly to be made, the said Principal and the said <br />Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these <br />presents. <br />WHEREAS, the Principal has submitted a bid for Main Street Improvements <br />between Sherwood Street <br />and Dean Street Project No.. 122-045 <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with <br />the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or <br />Contract Documents with good and sufficient surety for the faithful performance of such, or in the event of the failure of <br />the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference <br />not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee <br />may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null <br />and void, otherwise to remain in full force and effect. <br />Signed and sealed this 8th day of November 2022 <br />11 11 � , - <br />'W41N, <br />1 rimv Pr , , I - awt 40 <br />Witness Maw— E.' -Afffi-s <br />I <br />Witness Lori Patronite <br />RIETH-RIL CONSTRUCTION CO., INC. <br />(Principal) (Seal) <br />Rube�NaRWAVado, Sales Manager <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />'�L-CX <br />- <br />Geri Patronite Attcrrty-in-Fact <br />
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