Opening of Bids - Youth Srvs. Bureau & SB Thrive Subdivision Infrastructure - Selge Construction

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Document A310 TM - 2010 Conforms with The American institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Kane, legal status and address) (Name, legal status and principal place ofbra•Lre v) The Cincinnati Insurance Company Selge Construction Co., Inc. P.O. Box 145496 This document has important 2833 South 11th Street Cincinnati, OH 45250-5496 legal consequences. consultation Niles, MI 49120 Mailing Address for Notices with an attorney is encouraged same as above with respect to its completion or modification. OWNER: (Nance, legal status and address) City of South Bend - Board of Public Works 227 West Jefferson Boulevard South Bend, IN 46601 BOND AMOUNT: 5% Five Percent of Amount Bid Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. PROJECT: (Xame, location or address and Project munber, if ary) YSB/South Bend Thrive Subdivision Infrastructure Improvements Project No. 123-011 The Contractor and Surety are bound to the an•ner in the amount set forth above. for tale paylitenl of %Which the Contractor and Surety bind ilicniselves, their heirs, executors, adsuinistrata rs, 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 tittle specified in the bid documents, or kviiilsn such time period as stay be agreed to by the Ovaier and Contractor, and Cite Contractor either (I ) enters into a contract with tie 0mier in accordance with the tenns of such bid, and gives such bond or bonds as niay be specified in the bidding or Contract Vocumeilts, with a surety admitted in. tite jurisdiction of tlx Project and 0111en isos acceptable to the Owner, for the faithful performance of such Contract and for Ilie prompt payment of labor and material furnished in the prose cut iait thereof; or (2) pays to the Uwner tie difference, riot to exceed the amount of this Bond, benveen the amount specified in said bid and such larger amount for which tine Owner may in good faith contract +with atiother party to perziirni the wnr1: covemd by said hid, then IIii+ Aligalion sbalI he null anel Enid, t}tlie_nvise to remain in I'vlI three and ellccl. The Surety herchy ovaivc%any mriict: or:at agrc on ent betwco-il the 0voi er and Contractor it) ex to rid the tl me in tvIiieh the 0mler May aecepL the bid. Waiver of notico: by the Surely shall not apply to ally extension exceeding sixty (60) days in tine aggregate beyond the limo lair uccoptame nl bids Specified in the bid doctnnentti, and the 0mierand Contractor shall obtain [lie Surely°s consent Ior all extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractoes bid to a Contractor, tale tcmt Contractor in this Bond shall be deemed to be Subcontractor and file teen Owner shall be deemed to be Contractor. Wlicn this Budd has been furnished to comply htiitll a statutoryorother legal rcyuireinent in llie location of ilie Prujucl, ally provision in this Bond cosilliciing vvith said stalwory or legal mquilcnlenI sliall he decined deleted hereImril: and liruv isic+ns cunli+rnti:1st w such standnry or other legal requirement shall be deemed incorporated herein. Wltcn sts furnished, the intent is that this 13nitd Shull be construed as a slutotory hand aitd not as u cciniiiion late' hand. Sigood and scaled this 12th day of September, 2023. (l"i'lless) Allison Swinehart cv'� *- oritness) David J. Roth S-00541AS 8110 Selge Construction Co., Inc (Principal) (Seal) By: 4LZ�' 2;21C2�4 (Tr��dustin Butler, Vice President The Cincinnati Insurance Company "� (Surely) [SC!!1J r CORPORATES s E A L By: J""� (rrl/e)Tracie House, Attorney -in -Fact 0.0