Opening of Bids - South Well Field-Water Main Extension Proj No. 117-059B - G.E. Marshall, Inc.

Home Browse Search

Bid Bond CONTRACTOR: (Name, legal status and address) G.E. Marshall, Inc. P.O. Box 242 Valparaiso, IN 46384 OWNER: (Nana, legal status and address) City of South Bend 1316 County -City Building South Bend, IN 46601 BOND AMOUNT: 5% Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (Name, legal status and principal place r►f buclnets) Fidelity and Deposit Company of Maryland 1299 Zurich Way, 5th Floor Schaumburg, IL 60196-1056 Mailing Address for Notices Five Percent of Amount Bid This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or m chi ication. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. PROJECT: (,4'an)c,, locotioir, or address; and Project nranber, ;jarry j South Well Field Water Treatment Plant and Distribution System Improvements; Contract B - Watermain - Project No. 117-059B The Contractor and Surety are bound to the Owner in the amount set forth above, for file payment of which the Contractor and Surety bind themselves, their heirs, escc►otors, administrators, successors and assigns. jointly and severally. as prowided herein. The coiiditians 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 ►►ith 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 perfonuance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to die 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 perronn the work covered by said hid, then this obligation shall br null and void, wlien6se to remain in lull rorce and cilect. The Surety hereby ►►^dives any notice ol'an a�ruemeni between the O►waer and Contractor to extend the lime in ► hich the Owmermay accept the bid. Waiverol'nutice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggrcgale beyond the time for acceptance ol'bids %pecilied in the bid documents, and the Owner and Contractor shall obtain the Surety's consent fir an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractors bid to a Contractor, the temr Contractor in this Bond shall be doomed to be Subcontractor and the term O% ncr shall be deemed to be Contractor. W11cn this Bond has been lurniAed to cunt ply ►Fitlt a statutory or tit her legal requirement in [lit li=tion of the project, any provision in this Thin con llicling wiIh said statutory or legal requirement shall he deemed deleted hereliom and provisions; con rorming to surf(;,,. "... Multi tory or oth cr legal requlrem ent shall be dCenled incorporated herein. WIten v.) rumislled, Slit Intent is that this Bond shalle��4• 4 as a statutory bond and not as a common law bond. f Signed and scaled this 22nd day of August, 2023. G.E. Marshall tic. = SEAL (Principal] (Seal) ... ••' . ! it 'ss) Lind Stewart +�'•y,Nfl1A�€''+,.•`•',``, X. (111111 cr,ti Sarah M. Schill (17fle) Prlin A. Fidelity And 11, President of (Seal) By. (frrlr) KathryA R. P stma, Attorney -in -Fact �+p,ta � i u urHr osat Corray1da, I... ti a ::oZPoFyq o r�SEAL m7 y.ISO '•...... 4 s-00541AS sn o