Opening of Bids - 2020 Street & Sewer Materials Proj No. 120-005 - Ozinga Ready Mix Concrete, Inc.

Home Browse Search

Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Ozinga Ready Mix Concrete, Inc 715 W. Ireland Road South Bend, IN 46614 OWNER: (Nance, legal statits and address) City of South Bend Board of Public Works 227 West Jefferson South Bend, IN 46601 SURETY: (Name, legal status and inineipal place rfhtainess) Western Surety Company 151 N. Franklin Street Chicago, IL 60606 Mailing Address for Notices 151 N. Franklin Street Chicago, IL 60606 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (,'Vance, location or address and Project number, if a)r} 2020 Street and Sewer Department Materials Project #120-005 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, jointlyand severally, as provided herein. The conditions 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 time period as may be agreed to by the Owwner and Contractor, and the Contractor either (I) enters into a contract with the Owner in accordance with the ternis 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 performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified its said bid and such larger aniount for which the Owner may in good faith contract with another party to perlbrin the work cowered by said bid, then this obligation shall be null and void, otherwise to remain in 1611 lorce and eil'ect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver oI*no lice by the Surety shall not apply to any extension exceeding sixty (00) days in the aggregate beyond the tinie for acceptance ni' bids specified in the bid documents, and tine Owner and Contractor shall obtain the Surety s consent tier an extension beyond sixty (60) days. If this Bond is issued in connection witli a subcontractor's bid to a Contractor, the teen Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been lirniished to comply with a statutory or other legal requirement in the location of the project, any provision in this Bond conflicting iiith said statutory or legal requirement shall be deemed deleted hereliom and provisions coiiliirniing to such statutory or other legal requirement shall be deemed incorporated herein. When so lumished, the intent is that this Bond shall be construed as a statutory blind and not as a common law bond. Signed and scaled this 14th day of April, 2020. tlVirness) (Wirnesv) Donna Planeta S-00541AS 8110 Ozinga Ready Mix Concrete, Inc. tPtincipal) (seal) 6: (Title) Syj6gitpig110(^SppN,. Western Surety Company By TW: 'fix rya Nguyen Attorney -in -Fact