Opening of Bids - 2023 Guardrail Install. & Replacement Proj No. 122-043R - Laporte Construction Co.

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AIA Document 310 - 2010 Bid Bond CON7RAM'OR (Name, legal status and address): LaPorte Construction Co.. Inc. P_ 0.13ax 577 LaPorte, IN 46M OWNER (Thane, legal status and address). C.11) of South fiend, Indiana, Board of Public Works SIJt M (Name, legal status and principal place of business): pidelity and DWstk Company of Maryland 1299 2udch Way Schaumbs. rye. IL 601W1056 Bond Amount: Five Percent of v he Base relict Plus any Alternates_ (5% of 1he Base Bid Plus any Altemates) PROJECT : (Name, location or address, and Project number, if any): 2023 City of 5outh_Sawl Guardrail and Handrail Imrmvernents Pro�oca _ PrPAO Pig, R The Contractor and Surety are bowl to the Owner in the amount set forth above, for the payment of which the Contractor and Surely bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. 'lies conditions of this Bond are 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 in to a contract with the Owner in accordamc with the terms of such bid, and gives such board or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction ofthe Project and otherwise acceptable to the Owner, fur the Faithful performance of such Contract and for the prompt payment of labor and material furnished to the prosecution thereof; or (2) pays to the Owner the difi'etanoe, 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 perforrn the work covered by said bid, then this obligation shall be aril and void, otherwise W remain In Nil force and c9ect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may aaxpl the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's coosent for an extension beyond sbdy (60) days. If this Bond is issued in connection with a suiicontramYs bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the teen Owner shall he deemed by the Contractor. When this Bond has been fumisMd to comply with a statutory or other legal rrgnirernent in the location of the Project. any provision in this Bond conflicting with said statutory or legal requirement shall be domed Ideleted hereftom and provisions oonfetming to such statutory or other legal requirement shall be deemed incorporated herein. Whdn so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and sealed thist2th day of December , 2023 LaPorte Construction Co.. Inc. .nson R. Did - '. , (Seal) (P � J (Seal) JJ (�16) Lori Schrad, President ( rtttess Kainfeen i . Dellito (mil) Language conform to A[A Document A310 Bid Bond BID7000IZZ031If