Opening of Bids - 2021 Street and Sewer Materials Bid Proj No. 121-018 - Ozinga Ready Mix Concrete, Inc.

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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place r jbusinewc) Western Surety Company Ozinga Ready Mix Concrete, Inc. 151 N. Franklin Street This document has important 715 W. Ireland Road Chicago, IL 60606 legal consequences. Consultation South Bend, IN 46614 Mailing Address for Notices with an attorney is encouraged with respect to its completion or OWNER: modification. (Name, legal starts and address) City of South Bend, Indiana, Board of Public Works 1316 County -City Building South Bend, IN BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: ('dine, location or address and Project number,. ijamry' 2021 Street and Sewer Materials Bid - Project No. 121-018 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 assists, jointly and severally, as provided herein. The conditions of this Bond arc such that if the Owner accepts the bid of tite Contractor within the time specified in the bid documents, or -within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terns 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 1'roiect and othenvise acceptable to the Owner, for tile faithful performance of such Contract and for the prompt payment of labor and material funiislted in die prosecution thereof. or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlbrm the work covered by said bid, then this obligation shall be null and void, otherwise to remain in Bill force and ell'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 *aiwer ol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time lbr acceptance ol'bids tipecifsed in the bid documents, and the Owner and Contractor shall obtain the Surel)'s consent Iirr an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the teal 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 lurnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted hcretrom and pro+3sions conlimning to such statutory or other legal requirement shall be deemed incorporated herein. When sr liumished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 13th day of April, 2021. Ozinga Ready Mix Concrete, Inc. (Principal) (seal) C' By: (Tile) 1-i6nr G-- Western Surety Company�yp4, (.Score (seal)w elfinr s) Kim be y Bragg 3*;, CA By: zs' {7ir1e) rah E. Green Attorney -in -Fact_ ''•.�+�uHa S-0054/AS 8110