Opening of Bids - Small Drainage Improvements-Beale Street & Chapin Street Proj No. 121-006B - Selge Construction

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Nana, legal shafts and address) Selge Construction Co., Inc. 2833 South 11 th Street Niles, MI 49120 OWNER: (Nmm. legal stares and addiuu) SURETY: (Name, legal slams and princlVal place of hrerbre»cr) 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: (Nana, location or adoh' m and Project eneniber, t/'any) Small Drainage Improvements - Beale Street & Chapin Street Project No. 121-006B 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 tite Owner in the amount set forth above. for Ilia paynictit of which the Contractor and Surety bind tihemsctvcs, tlicir heirs, executors, administrators, successors and assigns, jointly and soveraIly. as provided herein. Tito conditions of ibis Bond are such that if the Owner accepts the bid of the Contractor with iu the Iime spec ificd in the {aid documents, or wiIhiit such time period as may be agreed to by Ilia Ovoiorand Contractor, and the Contractor either (1) enters into a coal met with the Owrierin accordance with the terms of such bid, and gives such bond or bonds as may be specified in the biddinS orCoitirnct 1?ocutnoil ts, with a surety adinined iit the jurisdiction of the ProjccI attd otherwise acceptable to tite 0% uer, for Ilic tailliful perforinance of such Contract and for the prompt payment of Inbor and material fit mished iit the prose oil lion thereof or (2) pays to Ilie Qwit er the difference, not to exceed the amount of this Bond, between the aniouut specified is said bid and such larger amount far ~loch Cite 0%vner in ay in good faith contmet with nnotlie r Isarty to perrorni the wort: covered by %aid bid, then Ellis obligation %hall be null and void, otherwise to remain in lull force and eIIecl. The Surety hereby %waives any notice of mt agreement betweers Lila Owner and Contractor to extend the time in which the Owner may accept the bid. Waiveroi'notiees by Elie Surety shall tint apply to any extension exceeding sixty (fill) days in the aggregate beyond the lime for uccr,ptontm ol'bids specified in tilts hid dstcutnents, and Elie Owner and Conlractor shall obtain [lie Suret}'scunsent lisr an extension beyond sixty (60) days. If this Bond is issued is connection %%ith a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be doomed to be Subcontractor and the term Owner slimil be deemed to be Contractor. When this Mind Ims been Ibmixhed it) comply ►rilh a statutory or other legal requirement in the hu:ution ot'the Project; any pmvisitin in this Blind conilicling with said xtalulory or legal requirement shall be deemed deleted hercirom and prwisions conl'orming it, such statutory or other legal rvquirement shall be deemed inofrporaled herein. When so llnttished, the intent is that this rinnd shall be construed as a sialatory hood and not as a common law K)nd. Si,anod and scaled this 9th day of May, 2023. -----_ rfb"ime-w Allison Swinehart lWimes) David J. Roth S-00541AS 8110 Selqe Construction Co., Inc. (Principal) oat) Cloak Justin Butler, Vice President The Cincinnati Insurance Company ,� (Srnre0 �,/ (Seal) coxroxAT SEA L By: /+�G.etic A (nde)Tracie House, Attorney -in -Fact ?