Opening of Bids - 2024 Curb & Sidewalk Program Proj No. 124-009 - Premium Concrete Services

Home Browse Search

0 ''�i°°AIA Document A310TM — 2010 Bid Bond CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place Premium Concrete Services, Inc. of business) Old Republic Insurance Company 712 Richmond St P. O. Box 0941 This document has important legal consequences. Consultation with Elkhart, IN 46516 Brookfield, WI 5300&0941 an attorney is encouraged with OWNER: respect to its completion or (Name, legal status and address) modification. City of South Bend, Indiana, Board of Public Works Any singular reference to County City Building Room 1316 Contractor, Surety, Owner or South Bend, IN 46601 other party shall be considered BOND AMOUNT: Five Percent of the Total Bid 5 % of Total Bid plural where applicable. PROJECT: (Name, location or address, and Project number, irany) 2024 Curb and Sidewalk Program, Project No. 124-009 The Contractor and Sm'ety are bound to the Owner Ilr the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The 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 into a contract with the Owner in accordance with the terms 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 otherwise 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) pays to the Owner the difference, 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 perform the wodc covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept 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 consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed 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. Signed and sealed this 2nd day of July 2024 P I n IG Bess) � Old Republi6lnsurance Combariv r A.46LrYf.��.aQ.rnr�(L-if �� (Surety) (Witness)U 0 (Title) Je er L. Kas nia, Att ney-in-Fact CAUTION: You should sign an original AIA Contract Document, on whit is text appears in RED. An original assures that chances will not be obscured. Init. AIA Document A310TM —2010. Copyright ©1963, 1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING: This AIA' Document Is protected by U.S. Copyright Lew and International Treaties, Unauthorized reproduction or distribution of this AIA Document, or any portion of It, may result In severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the law. f Purchasers are permitted to reproduce ten ( copies of this document when completed. To report copyright violations of AIA Contract Documents�e' ail The American Institute of Architects' legal counsel, copyright@aia.org.