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CONTRACTOR:
<br />(Name, legal status and address)
<br />SAK CONSTRUCTION, LLC
<br />864 Hoff Road
<br />O'Fallon, MO 63366
<br />locument 0
<br />Bit iclig
<br />SURETY:
<br />(Name, legal status and principal place of business)
<br />Travelers Casualty And Surety Company Of
<br />America
<br />One Tower Square
<br />Hartford, CT 06183
<br />OWNER:
<br />Mail Notices To:
<br />(Name, legal status and address)
<br />Travelers
<br />City of South Bend
<br />Attn: Surety Claim Dept.
<br />Board of Public Works
<br />One Tower Square 2M
<br />227 West Jefferson Blvd.
<br />Hartford, CT 06183
<br />South Bend, IN 46601
<br />BOND AMOUNT: Five Percent of the Amount Bid ----------------- dollars ($ 5% of Amount Bid)
<br />PROJECT: Project No. 118.093, Sewer and Manhole Rehabilitation
<br />(Name, location or address, and Project number, ifany)
<br />This document has
<br />important legal
<br />consequences.
<br />Consultation with an
<br />attorney is encouraged
<br />with respect to its
<br />completion or
<br />modification.
<br />Any singular reference to
<br />Contractor, Surety,
<br />Owner, or other party
<br />shall be considered plural
<br />where applicable.
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety
<br />bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions
<br />of 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
<br />time period as may be agreed to by the Owner and Contractor, and the Contractor either (I) enters into a contract with the Owner in
<br />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
<br />surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract
<br />and for the prompt payment of labor and material furnished in the prosecution thereof, or (2) pays to the Owner the difference, not to
<br />exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good
<br />faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain
<br />in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in
<br />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
<br />aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the
<br />Surety's consent for an extension beyond sixty (60) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to
<br />be Subcontractor and the term Owner shall be deemed to be Contractor.
<br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision
<br />in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such
<br />statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be
<br />construed as a statutory bond and not as a common law bond.
<br />Signed and sealed this 11th day of December, 2018.
<br />(Wit ess)-�(aNcsati�•
<br />Trim eler
<br />(Surety)
<br />(Witness) Michelle Wilson, Wiffiess
<br />(Title) And b'6ni1f, Attorney -In -Fact
<br />(seal)
<br />(Seal)
<br />Init AIA Document A310Tm— 2010. Copyright @1963, 1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING: -Phis
<br />AIA Document is protected by U,S, Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA
<br />Documentor any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under
<br />the law. Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations of AIA Contract
<br />Documents, e-mail The American Institute of Architects' legal counsel«yt,(a1rok�l,q,p.g. 061110
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