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 ™ -2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (N1111111, legal .1·/11/11.v mul 11ddre.'i.<:) R. Yoder Construction, Inc. 27 453 County Road 150 Nappanee, IN 46550 OWNER: (N<rml!, !.•gal stnt11s and nddrl!SS) South Bend Board of Public Works 227 W. Jefferson Blvd. South Bend, IN 46601 BOND AMOUNT: $ 5% PROJECT: SURETY: (Name, lega/.v/11/11.1· 111ulpri11clpal place 1!fh11si111:ss) Euler Hermes North America Insurance Company 100 International Drive, 22nd Floor Baltimore, MD 21202 Five Percent of Amount Bid (Naml!, locntio11 or nddrl!ss, n11d l'rqjl!CI 1111111be1; if a11,1� This document has important iogal consoquoncos. Consultation with an attorney Is encouraged with respect to Its completion or modification, Any singular roforonce lo Contractor, surety, owner or other party shall be considered plural where applicable. 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 the Owner in the :unounl sci forth above, for the payment of which the Contractor and Surely bind lhemseh•es. their heirs, executors, administrators, snecessors and assigns.jointly and severally, ns provided herein. The conditions of this Doud ore such that if the Owner acccpls the bid of the Contractor within the lime specified in the bid documents, or within such time period ns mny bo agreed to by the Owner nnd Contrnctor, and the Contrnctor either (I) enters into n contrncl with tho Owner in accord ance with the terms of such bid, nnd gil'cs such bond or bonds ns may be specified in tho bidding or Contract l)ocumcnls, with a surety admitted in the Jurisdiction ot'the l'rojcel and otherwise acceptable to !he Owner, for !ho faithful performance of such Contract ond for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to tho Owner the difference, no! to exceed the amount of this Uond, between the amount specified in said bid and such forger 0111011111 for which the Owner may in good faith cont met with another party lo perform the work cm·erc<l hy sui<l bid, !hen this obligulion shull be null und void, otlmwise to rcmuin in t'ull force uml cil'ccl. The Surely hereby wuivcs uny notice of utl 11greeme11t ocl1vcc11 the Owner un<l Conlruclor lo cxlen<l lhc time in which the Owner muy ucccpt the hid. Wuivcr of noticu hy the Surety shull not upply to u11y extension exceeding sixty (60) <lays in the uggrcgulc beyond the lime 1hr ucccplunce ol'bi<ls specified in the hid <locumcnls, un<l tht: Owner un<l Contmctur shall ohluin the Surct)'s consent for uu extension beyond sixty (60) duys. If this Bond is issued in co11ncctio11 with n subcontractor's bid lo n Co11tractor. the tcnn Contractor in this Doud shall bo deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this nond has been liimishc<l 10 comply with u stululory or other lcgul requirement in !he luculion oft he Project, uny pnwision in this non<l conllicting with sui<l slululory or legul rcquircmcnl shull bo deemed <lclelc<l hcrciiom und pro1·isions confonning lo such slululnry or other lcgul requirement shull be deemed incorpnrule<l herein. When so li1mishc<l, the intent is that this nond shull be construed us a slututury bond und not us u common luw bond. Signed nnd scaled this 22nd day of April, 2025 S-0054/AS 8/10 R. Yoder Construction, Inc. By: {{it/i!)