Opening of Bids - Madison Street Trail Connector Proj No 125-031 - Premium Concrete Service

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Document A310 TM - 20'10 Conforms with the American Institute of Architects AIA Document310 Bid Bond CONTRACTOR: (Name, legal status and address) Premium Concrete Services, Inc. 712 Richmond St Elkhart, IN 46516 OWNER: (Nauru, legal status and address) SURETY: (Name, legal status and principal place rrf hrcrines ) Old Republic Surety Company P. O. Box 1635 Milwaukee, W1 53201-1635 Mailing Address for Notices City of South Bend Board of Public Works County -City Building Room 1316. 227 West Jefferson Blvd South Bend, iN 46601 BOND AMOUNT. 5% Five Percent of Amount Bid PROJECT: (Name. location or address. audProjeetmunher. rfaitij Maidson Street Trail Connector, Project No. 125-031 This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. The Contractor and Surety are bound Ia the Owner in the amount set forth above, for the payment of which tile Contractor and Surety bind themselves. their licirs, executors, administrators, successors and assigns, jointly and severally, as provided herein, The conditions of this Bond are such that if Ilia Owner accepts llie bid of the Contractor wilhin the time specified ill the bid documents, or within such tinic period as may be agreed to by the Uhvncr and Contractor, and the Contractor either (1) enters into a contract with ilia Owner in accordance with the terms of such bid, and gives such bond or bonds as utay be specified in the bidding or Contract Documents, will] a surety admitted in ilia jurisdiction of Elie Project and otherwise acceptable to ilia Ovoicr, for the failhful performance ofsuch Contract and for the prompt payment of labor and material furnished in ilia prosecution thereof; or (2) pays to Elie Owner the ditierence, not to exceed ilia amount of this }fond, between ilia amount specified in said bid and such larger amount for which ilia 0%wer may in goad faith contract witli another party to peribmi the work covered by said bid, (hen EhN obligation shall be null and void, otierwise it) remain in lilll fierce and elect. The Surety hereby %wives any notice ol'an agreement between the 0ivritw and Contractor to extend the time in which Ilia Owner may accept the bid. Waiver ol'notiee by Elie Surety shall nol apply to any extension exceeding sixty (60) days in the aggregate beyond Ilia tinic lilr acceplance llfhids.specilied in the hid dtictinletlts. and Elie Ow%iter and Contractor shall obtain the surely'%Consent for an extelsion beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, ilia terni Contractor in this Bond shall bo decmcd to be Subcontractor and the tern Owner shall be deemed to be Contractor. When this Bond has been lihrnished it) comply with u stultaory or other legal requitement in the Itx:ation of the Project. any provision in this Bond confiieting %%ills said statulory or legal requirenient shall be dcenied deleted herel'roni and provisionsconfi%mning to such s1alu1mly orodler legal requirement shrill be dcenied incorporaled lierein. When so I•uniished, die intent is that this Bond shall beconstrtied us a xtalulory band and not as a coninion law bond. Sig-ned and scaled this 9th day of March, 2026. fif'itaess) r / time,.) Pamela S."Hig§jnbotham S-00541AS 8110 Premium Concrete Services, Inc. (Principal) (Seal) pp ovw rl7tle) ili15111 i 11! 117171,11 Old Republic Surety Company ru r'eaerole�r�, t7 l.5'uret} j (Seu1) = �a:tiSEALlz (rifle) Jens er L. Ka nia, Attofney-in-Fact