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.:Al.A Document A310™ -2010 <br />Bid Bond <br />CONTRACTOR: <br />(.Vame , legal status and addressj <br />PVS TECHNOLOGIES , INC. <br />10900 Harper Avenue <br />Detroit, Ml 48213 <br />OWNER: <br />1.\'ame. legal status and address) <br />CITY OF SOUTH BEND <br />227 W. Jefferson Blvd., South Bend, IN 46601 <br />BOND AMOUNT: Ten Percent of Amount bid <br />(10% of Amount Bid) <br />PROJECT: <br />SURETY: <br />(,\'ame, legal status and principal place <br />of business) <br />HARTFORD FIRE INSURANCE COMPANY <br />One Hartford Plaza <br />Hartford, CT 06155 <br />This document has important legal <br />consequences. Consultation with <br />an attorney is encouraged with <br />respect to its completion or <br />modification. <br />Any singular reference to <br />Contractor, Surety, Owner or <br />other party shall be considered <br />plural where applicable . <br />r.\'ame, location or address, and Project number, if a,~v) <br />Supply and Furnish Ferric Chloride Project Number. if any: <br />The Contractor and Surety arc bound to the Owner in the amount set forth aboYc. for the payment of which the <br />Contractor and Surety bind thcmseh·es. their heirs. executors. administrators. successors and assigns. jointly and <br />scycrally. as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor <br />within the time specified in the bid documents. or within such time period as may be agreed to by the Owner and <br />Contractor. and the Contractor either ( 1) enters into a contract with the Owner in accordance with the tenns of such <br />bid. and gives such bond or bonds as may be specified in the bidding or Contract Documents. ,rith a surety admitted <br />in the jurisdiction of the Project and otherwise acceptable to the Owner. for the faithful perfonnancc of such Contract <br />and for the prompt payment of labor and material furnished in the prosecution thereof: or (2) pays to the Owner the <br />difference . not to exceed the amount of this Bond. between the amount specified in said bid and such larger amount <br />for which the Owner may in good faith contract with another party to perfonn the work coYered by said bid. then this <br />obligation shall be null and mid. otherwise to remain in full force and effect. The Surety hereby waiyes any notice of <br />an agreement between the Owner and Contractor to extend tJ1e time in which the Owner may accept the bid. WaiYer of <br />notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for <br />acceptance of bids specified in the bid documents. and the O\\·ner and Contractor shall obtain the Surety· s consent for <br />an extension beyond sixty (60) days. <br />If this Bond is issued in connection "·ith a subcontractor's bid to a Contractor. the tenn Contractor in this Bond shall <br />be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. <br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project. <br />any proYision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and <br />proYisions confonning to such statutory or other legal requirement shall be deemed incorporated herein. When so <br />furnished. the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. <br />Signed and sealed this 2nd day of May, 2024 <br />(ll'itness) Shl'.l t.,L0 tL J?x,L I+nt { <br />(/l'itn~III <br />HARTFORD FIRE INSURANCE COMPANY <br />(Sea/) <br />AIA Document A310™ -2010. Copyright Q 1963, 1970 and 2010 by The American Institute of Archttects. All rights reserved.