Opening of Bids - 2019 Street and Sewer Dept Materials Project No 119-008- American Highway Products LTD

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THE CINCINNATI INSURANCE COMPANY CONTRACTOR (Name, legal status and address): American Highway Products, Ltd 11723 Strasburg Bolivar Rd NW Bolivar, OH 44612 OWNER (Name, legal status and address): CITY OF SOUTH BEND 227 W JEFFERSON BLVD SOUTH BEND, IN 46601 BOND AMOUNT: 100% of bid SURETY (Name, legal status and principal place of business): THE CINCINNATI INSURANCE COMPANY 6200 S. GILMORE ROAD FAIRFIELD, OHIO 45014-5141 PROJECT (Name, location or address, and Project number, if any): 119-008 2019 Street & Sewer Dept Materials 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 to the 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 are such that if the Owner accepts the bid of the Coaatractor within the time specified in the bid documents, or within such time period as may be agreed to by the Owner anal. Contractor, arid the Conti -actor ether (1) enters into a contract with the Owner in accordance with the tennis of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful perrornia ace of such Contract and for the prompts payment of labor" and inaterial furnished in the prosecution thereof, or (2) pays to the Owner the dif"fercnce,, riot to exceed the nount! of this Bolid, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with aallother part to Ilerform the work covered by said laid, then this obligation shall be null and void, otherwise to remain ill fug' force and effect. T'lc Surety hereby waives any notice of an agreement between the Owner anti Contractor to extend the tinge in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any� extension exceeding sixty (';60) clays in the a � regate beyond the time for acceptance of bids specified in the l)id documents„ and the Owner and Contractor s 1all obtain the Surety's consent for an extension beyond the sixty (60) days. 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 be Subcontractor and the term Owner shall be deemed to be Contractor. When this, Bland has been furnished to comply with a statutory or other legal requirement in the Iocation of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted h •efrona and provisions conforming to suchstaatuterror other legal requirements shall be dr rued incorporated herein. "lien so lurntshed, the iratetat is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and seale this 11th day of March, 2019 ✓,," A American Highway Products, Ltd (Principal) (Seal) (Title) (Witness) The Company executing this bond vouches that this document conforms to American Institute of Architects Document A310, 2010 Edition. S 2000-AIA (11/10) PUBLIC