Opening of Bids - Johnson & Fellows Intersection Drainage Improvement Proj No. 122-016A - Selge Construction

Home Browse Search

Document A310 TM - 20'10 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Nmne, legal slates and addrem) Selge Construction Co., Inc 2833 South 11th Street Niles, MI 49120 OWNER: (Nam. legal stares and addrem) SURETY: (Name" legal status and prfncllml place ofbrcrOr-'Lt) 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: (Hanle, loeatlwroraddresg, andProJectnrmrber, tjenry) Johnson & Fellow Intersection Drainage Improvement Project Project No. 122-016A This document has Important legal consequences. Consultation with an attorney Is encouraged with respect to its completion or modificatlon. Any singular reference to Contractor. Surety, Owner or other party shell be considered plural where applicable. The Contractor and Surety arc bound to the Owner in the amount set forth above. for tlic payment of which tho Contractor and Surety bind themselves, their licirs, oxecutors, 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 lime specified in the bid documents, or within such time period as may be agreed to by the Otwer and Contractor, and the Contractor either(1) enters into a contract ►►ilh the Ovuicr in accordance with the termsof such bid, and gives such bond or bonds as in ay be specified in the bidding or Contract Docnutrents, with a surety admitted in the jurisdiction of the 11rojOct and otherwise acceptable to tic Owner, for tlse fait lsful performance of such Contract and for tl=c prompt payment of labor and ruaterial fit tuisltcd in the prosecution thereof, or (2) pays to the Ownerthe difference, not to c%cecd tIte amount of this Bond, belwee it the amount specified io said bid and such larger aniount for which the 0,,mier may iit good faith contract %viIIt anotlicr party to perlisrtn the work cove; red by said bid, Ihcn lies obligalion shun he null and void, othtrw'i-w to remain in fulI lbrec and ellect. The Surety hereby ►wives any notice of till ugreemcrtI beLween the 0vnier and Contractor to extend the lime in which the [)tuner may accept the bid. Waive rornot ice by Ilie fiurely shall nut appiy to tiny extension erxcceding sixty (60) days in the aggregate bcyand Ilse time for acceptance of bids tipecSlied 'sn Ilse bid documents, and the 0wnerand Contractor shale obtain the 5=13's cortscnl lar an extensinn beyond .sixty (60) days. If this Bond is issued in connection with a subcontractors bid to a Contractor, the tarns Contractor in this Bond shall be deemed to be Subcontractor and the terns Owner shall be deemed to be Contractor. Whcn This Bond has been lumiAvd to cum ply with a statutory or other iegul itquire. ment in Ilse I(Watioil 0I'Ilie PrxtjecI, any pn)vision in this Band con 11icting with said statutory car legal regrtirement sltal1 be deemed deleted hcrel'roin and pres►•isions uniforming to such stnluLory or other legal requirement shall be deemed incorporated herein. When tit rundshed, the intent is that this Band shall be construed as a %Iatolory band and no as u common law' bond. Signed and scaled this 9th day of May, 2023. I1"11=0 Allison Swinehart 6V1tnewr) David J. Roth S-00541AS 8110 Selae Construction Co., Inc. tPrincrpal) (Seal) By: (I7 e) Justin Butler, Vice President The Cincinnati Insurance Company nur,e,,��[[ e By; /.lit !$C(/Vile)Tracie House, Attorney -in -Fact