Opening of Bids - Cleveland Rd & Portage Ave Traffic Signal Proj No 123-063R - Hawk Enterprises

Home Browse Search

rW- Fidelity and Deposit Company of Maryland . D) 6 Colonial American Casualty and Surety 47 Company Home Office: 1299 Zurich Way Schaumburg I1. 60196 AIA Document 310 - 2010 Sid Bond CONTRACTOR (Name, legal status and address): SURETY (Name, legal status and principal place of business): Hawk Enterprises, Inc. Fidelity and Deposit Company of Maryland 1850 E. North Street 1299 Zurich Way, 10th Floor Crown Point. IN 46307 Schaumbura. IL 60196-1056 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% Five Percent of the Base Bid Plus Any Alternates PROJECT : (Name, location or address, and Project number, if any): Cleveland Road at Portage Avenue Traffic Signal Improvements; Project No_ 123-063R 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 o£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 faithfltl 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 patty 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 subcontractoes bid to a Contractor, the term Contractor in this Bond Subcontractor and the term Owner shall be deemed by the Contractor. When this Bond has been furnished to comply with a statutory or other Iegal requirement in the location of t this Bond conflicting with said statutory or legal requirement shall be deemed deleted here from and pro, statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent construed as a statutory bond and not as a common law bond. , "gned a d sea tll " 28th day of January 2025 Hawk Enterprises, Inc. itn ss (Seal) (Principallr peQ Qpdq Fidelity and DE (witness) Kagiryn R. Postma `T °Sly`;" (Su ty By (Title)Angel M Language conforms to AIA Document A310 Bid Bond 131D70WIZZ0311f thalf thi any Piston -in t farr>x( to such$,;� s 11 be ( * : CORPORATTON ; V � � ViC-rl. of Maryland