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Opening of Bids - South Well Field-Water Main Extension Proj No. 117-059B - G.E. Marshall, Inc.
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Opening of Bids - South Well Field-Water Main Extension Proj No. 117-059B - G.E. Marshall, Inc.
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8/22/2023 2:13:23 PM
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8/22/2023 2:11:03 PM
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Board of Public Works
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Projects
Document Date
8/22/2023
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FJ�D <br />January 3, 2023 <br />Fidelity and Deposit Company of Maryland <br />1299 Zurich Way, 5' Floor <br />Schaumburg, IL 60196-1056 <br />G.E. Marshall, Inc. <br />1351 Jolliet Road <br />Valparaiso, IN 46385 <br />RE: Prequalification Letter <br />To whom it may concern: <br />Zurich American Insurance Company and/or its subsidiary, Fidelity and Deposit Company of <br />Maryland, have provided surety credit to G.E. Marshall, Inc. for single projects of $15,000,000 <br />and an aggregate uncompleted backlog of $35,000,000. Zurich/F&D is rated "A+" (Superior) <br />with a financial size category of XV ($2 billion +) by AM Best and has a US Treasury Limit <br />exceeding $710 million. <br />If G.E. Marshall, Inc. requests that we provide the necessary Performance and/or Payment <br />Bonds, we will be prepared to execute the bonds subject to our acceptable review of the <br />contract terms and conditions, bond forms, appropriate contract funding and any other <br />underwriting considerations at the time of the request. <br />Our consideration and issuance of bonds is a matter solely between G.E. Marshall, Inc., and <br />ourselves, and we assume no liability to third parties or to you by the issuance of this letter. <br />We trust that this information meets with your satisfaction. If there are further questions, please <br />feel free to contact me at (317) 595-7344. <br />Sincerely, <br />Zurich American Insurance Company <br />"V <br />�w <br />Andrew A. Lanphere <br />Attorney -in -Fact <br />Fidelity and Deposit Company of Maryland <br />Andrew A. Lanphere <br />Attorney -in -Fact <br />
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