Opening of Bids - Wastewater CNG Compressor Upgrade Proj No. 119-109R - Koontz-Wagner

Home Browse Search

Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: /'b'inrie, legaJ.rlalrasandrrddi�e.w�) KW Services, LLC 3801 Voorde Drive, Suite B South Bend, IN 46628 OWNER: (,Vamc. legal slalris and address) City of South Bend 125 South Lafayette Boulevard South Bend, IN SURETY: (,'cafe, legrrl.ti7uttrs mid priiicilzrrl place (flnoirrea) SiriusPoint America Insurance Company P.O. Box 3646 Omaha, NE 68103 Mailing Address for Notices P.O. Box 3646 Omaha, NE 68103 BOND AMOUNT: $ Five Percent Of The Total Amount Bid (5%) PROJECT: (,Fame, location or address. and Project m n ber, ijainj CNG Compressor Upgrade: Project No. 119-109R 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 Surcty are bound to the Owner in the amount set forth above• for the payment of which the Contractor and Surety bind themselves, their licirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond arc such that if file Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such line period as mar• be agreed to by the Oitiner and Contractor, and the Contractor either (1) enters into a contract with the Olrnncr in accordance with the tennis 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 othernise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof. or (2) pars to the Owner the difference, not to exceed the aniount of this Bond, between the amount specified in said bid and such larger aniount for which the Owner may in good faith contract with another Party to perfiinn the work covered by said bid, then this obligation shall be null and void, othenvise to remain in full force and efl'ecl. The Surely hereby iraives any notice Oran agreement between the Owner and Contractor to extend the tine in which the Ownerma-r-accept the bid. *aiverol'nolice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time fiir acceptance ol'bids specified in the bid documents, and the 0%%iier and Contractor shall obtain tine Surelys consent fiir an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the Tenn Contractor in this Bond shall be deemed to be Subcontractor and the tcrni Owner shall be deemed to be Contractor. When this Bond has been lirmislied to comply with a statutory or other legal requirement in the location of the Project any provision in this Bond conflicting uilh said statutory or legal requirement shall be deemed deleted herclron and provisions conforming to such stalutor• or other legal requirement shall be deenied incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Si_ncd and scaled this 27th day of February, 2024 h W1_ iW1 I -8—fFigm— 1-6-0 (Witnay.v)Andreah Moran S-0054/AS 8t10 KW Services, LLC cipal) (seal) SiriusPoint America Insurance Company � /Y/ ---\ i1KIWYQLL Stra o, Attorney -in -Fact