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ILIACRISURE" <br />100 Unicorn Park Drive <br />Woburn, MA 01801 <br />(781) 935-8480 Phone <br />(781) 933-5645 Fax <br />December 4, 2024 <br />Department of Public Works <br />227 West Jefferson Blvd. <br />South Bend, IN 46601 <br />Re Ameresco Inc. Surety Capacity <br />RFQ — Public Works Guaranteed Energy Savings Contract Qualifications <br />To Whom It May Concern - <br />Our agency has provided surety credit for Ameresco, Inc. for over 15 years. Their performance has always been <br />exemplary and we have the highest regard for the entire Ameresco organization. <br />Currently surety arrangements anticipate individual {projects approaching $500,000,000 within a corresponding <br />aggregate backlog approaching $2,000,000,000. Bonds are currently provided by Liberty Mutual Insurance <br />Company which carries an AM Best Rating of A with a financial size category of XV. Liberty Mutual is listed on <br />the most recent U.S. Treasury Listing of Approved Sureties and is an admitted surety insurer in all 50 of the <br />United States. <br />Ameresco generally utilizes less than 50% of that available capacity and we would therefore anticipate no <br />difficulty in furnishing 100% Performance and Payment bonds on their behalf should they be awarded multiple <br />contracts. <br />Should Ameresco be awarded a contract for this project, Liberty Mutual is prepared to provide the necessary <br />Performance and Payment bonds. <br />Coverage under the Performance and Payment bonds, which we issue on Ameresco' s behalf, in support of <br />contracts for the installation of Energy Conservation Measures does not extend to any savings guarantees or <br />extended performance obligations beyond the standard one year defective workmanship and material warranty. <br />Execution of any requested bond would be conditioned on and be subject to the completion of our normal <br />underwriting review at the time of the request, including but not limited to, review and approval of bond forms, <br />contract documents, confirmation of acceptable financing and payment provisions to Ameresco. We assume no <br />liability to you or third parties if, for any reason, Liberty Mutual Insurance Company fails to issue any requested <br />bond. <br />Very truly yours, <br />By: <br />Brian R. Kraft, Attorney -in -Fact <br />