Opening of Bids - 2017 Street and Sewer Dept Materials Proj No. 117-023 - Bit-Mat Products of Indiana Inc.

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U Fidelity and Deposit Company of Maryland Home Office: P.O. Box 1227, Baltimore, MD 21203-1227 BID BOND KNOW ALL MEN BY THESE PRESENTS: That we, Bit -Mat Products of Indiana, Inc. PO Box 428, Ashley, IN 46705, as Principal, (hereinafter called the "Principal"), and the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, of Baltimore, Maryland, a corporation duly organized under the laws of the State of Maryland, as Surety, (hereinafter called the "Surety"), are held and firmly bound unto City of South Bend, Indiana as Obligee, (hereinafter called the "Obligee"), in the sum of Ten Percent (10%) Dollars ($10%), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Bituminous Products. NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contract with the Obligee in accordance with the terms of such bid and give such bond or bonds as may be specified in the bidding or contract documents with good and sufficient surety for the faithful performance of such contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the principal to enter into such contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 28th day of March A.D. ,2017. wiiness By Bit -Mat Products of Indiana, Inc. (SEAL) Principal R Wayne {link, President, Title FIDE IT Y AND DEPO=ell- CONY OF MARYLAND Surety (SEAL) Mindy Zielke, witness 1enada Kelley, Attorney-i -Fact C325-150M, Approved by The American Institute of Architects, A.I.A. Document No. A-310 February 1970 Edition.