Opening of Bids - 2023 Curb and Sidewalk Program Proj No. 123-001 - Selge Construction

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Document A31 Q 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 11 th Street Niles, MI 49120 OWNER: (Nancy, legal srarus and address) SURETY: (Nmne, legal status and pdrrclpul place r f hrcrfne%r) 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 125 W. Colfax Ave South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: Wanre, location orad&,= mulProjectnumber, iifagij 2023 Curb and Sidewalk Program Project No. 123-001 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 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 Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such time 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 may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material famished in the prosecution thereof; or (2) pays to the 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 may in good faith contract with another party to pedbrm the work covered by aid bid, then this obligation shall be null and void, otherwise to remain in full Ibrce and ellecl. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time lift acceptance ol'bids specified in the bid documents, and the Owner and Contractor shall obtain the Surely'sconsent ror an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tent Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location ol'the Project, any provision in this ilond conflicting %with said statutory or legal requirement shall be deemed deleted herelTom and provisions cnfinming to such statutory or other legal requirement shall be deemed incorporated herein. When sr rumished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 8th day of August, 2023. th'irness) Allison Swinehart (li'1nreer) David J. Rot S-0054/AS 8110 Selge Construction Co., Inc (Principal) (Seal) By: (!i► stir Butler, Vice President T e Cincinnati Insurance Company (,Surety) (Seal) `By:(nile)Tracie e House, Attorney -in -Fact