Opening of Bids - South Well Field Water Plant Improvement, Bid Package 2 Proj No 117-059A - R Yoder Construction

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Ne»re, legal.rtairee nrrd adrG•er.,) R. Yoder Construction, Inc. 27453 County Road 150 Nappanee, IN 46550 OWNER: (Vans, legal status mrd arldress) South Bend Board of Public Works 227 W. Jefferson Blvd. South Bend, IN 46601 BOND AMOUNT: S 5% SURETY: (Name, legal.ciafis and princfpn! place r fh4vfne .0 Euler Hermes North America Insurance Company 100 International Drive, 22nd Floor Baltimore, MD 21202 Five Percent of Amount Bid This document has Important logal consoquoncos. Consultation with an attorney Is encouraged with respect to Its completion or modification. Any singular roforonce to Contractor, Surety, Crooner or other party shall be considered plural where applicable. PROJECT: (,Noun, location or address, and i'rvjuci number. fjmn) Contract No. 117-059A - South Well Field, Water Treatment Plant, and Distribution System Improvements (Bid Package 2) - South Bend, IN The Contractor and Surety arc bound to lite 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 arc such that if the Owner accepts the bid of the Contractor within the little specified in the bid documents, or within such lime 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 Doctnncnts, with a sutcly admitted in file iurisdiclion of file Proicet and otherwise acceptable to the Owner, for lite faithful performance of such Contract and for the prompt payment of labor and material furnished in lite prosecution thereof; or (2) pays to tho Owner the di1Tcrcncc, not to exceed the amount of this Bond, bcnwccn (lie antount specified in said bid and such larger amount for which the Owner ntay in good faith contract with another party to perlbrin the wort- covered by said bid, then this obligation shall be null and void, otherwise to remain in lull brae and ell'ecl. The Surety hereby waives uny notice ol•un agreement between the Owner and Contractor to extend the time in ,which the Owner ntuy uccept the bid. �lraivcr ol'notice by lho Surety %hull not upply to any extension exceeding sixty (60) days in the aggregule beyond the tittle lbr acceptance ol'bids %pecilied in the bid documents, and Cite Owner and Contrat for shall oblain the Surely'%coment for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tone Contractor in this Bond shall be dccntcd to be Subcontractor and the term Owner shall be dccntcd to be Contractor. When this Bond has bean furnished locomply with a statutory or other legal requirement in the locution of the Project, any provision in this Bondcuntlicting with saidstatutoryur legul requirement shall bcdeenteddelcledherelium and provisiun%conibrining to such sluhttory or other legul requirement shall be deented incorporutetl herein. When so lumi%hed, the intent is that thi% Blind shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 22nd day of April, 2025 rle.,�y is lavella 8•0054/AS 8110 R. Yoder Construction, Inc. (Principal) C (Sva/) By. _ )�.' (Tide) 14 `".�` . Euler Hermes North America Insurance Company �P'rnorlcp�, (Snreij) (Seal)T L D (!'rile) ame a M. An erson torney-in-Fact ii�Qa.`