Award Bid - 2024 Sewer and Manhole Rehabilitation Proj No. 122-019 - Visu-Sewer, LLC

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WAIA DocumentA3lo" - 2o1o Bid Bond CONTRACTOR: (Name, legal status and address) Visu-Sewer, LLC W230 N4855 Betker Drive Pewaukee, Wl 53072 SURETY: (Name, legal status and principal place ofbusiness) SiriusPoint America lnsurance Company 285 Fulton Street, 47th Floor, Suite 47J NewYork, NY 10007 This document has important legal consequences. Consultation wlth an attomey is encouragod with respec't to its completion or modificauon. Any singular reforcnce to Contraclor, Surety, Owner or other party shall be considered plural where applicable. OWNER: (Name, legal stolus and address) City of South Bend 227 Wesl Jefferson Blvd. South Bend, lN 46601 BOND AMoUNT; Five Percent (5%) of Total Amount Bid PROJEGT: (Name, location or address, and Project number, f any) Sewer and Manhole Rehabilitation, Project No. 122-019 The Confactor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contactor and Surety bind themselves, their heirs, executors, administators, successors and assigns,jointly and severally, as provided herein. The conditions ofthis Bond are such that ifthe Owner accepts the bid ofthe Contactor within the time speoified in the bid documents, or within suoh time period as may be agreed to by the Ovmer and Contraotor, and the Contaotor eithor (l) enters into a contact 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 Contact Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contact and for the prompt paym€nt 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, bstween 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 work covered by said bid, then this obligation shall be null and void othorwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Ovmer and Contactor 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 biddocuments, and the Owner and Contactor shall obtain the Swety's oonsent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Confiactor, the term Contractor in this Bond shall be deemed to be Subcontactor and the term Owner shall be deemed to be Contaotor. (Witness) (Title)K. Hovden, CAUIION: You should sign an orlglnal AA Contrect Document, on whlch thlr lext appears ln RED, An odglnal lnlt. wlll not be obscurod.