Opening of Bids - Cleveland Rd at Portage Rd Traffic Signal Proj No. 123-063 - Hawk Enterprises

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p Fidelity and Deposit Company of Maryland Colonial American Casualty and Surety Company Home Office: 1299 Zurich Way Schaumburg I1. 60196 AAA "oculment 310 - 2010 Bid Bond CONTRACTOR (Name, legal status and address): Hawk Enterprises, Inc. 1850 E. North Street Crown Point, IN 46307 OWNER (Name, legal status and address): City of South Bend, Indiana. Board of Public Works 227 W. Jefferson Blvd. South Bend, IN 46601 Bond Amount: 5% SURETY (Name, legal status and principal place ofbusiness): Fidelity and Deposit Company of Maryland 1299 Zurich Way. 10th Floor Schaumburg, IL 60196-1056 Five Percent of the Base Bid Plus Any Alternates PROJECT : (Name, location or address, and Project number, if any): Cleveland Road at Portage Road Traffic Signal Improvements; Project No. 123-063 The Contractor and Surety are bound to the Owner in 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 in to 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 work 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 by the Contractor.*\\aetP, When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the this Bond conflicting with said statutory or legal requirement shall be deemed deleted here from and provis. statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is construed as a statutory bond 1 and not as a common law bond. ygIgned and sealvthis day of November 2024 (seal) d7 rah J. Smith -Hollers = STAV i �Ay., .rseo .�Qoy Language conforms to AIA Document A310 Bid Bond BID711001 ZZo311 f Hawk Enterprises, Inc. V rf sha A I al) cy`-g 4s_ ••Q (Title) !EW! p FNT 1j16tgr\� \ �, Fidelity and Deposit Company of MarylanI-Nd (St et B K 1� (Title)Ang"l M. Riley, Attorney -in -Fact