Award Bid - 2023 Traffic Calming Proj. No. 122-014C - Selge Construction Co., Inc.

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Document A310TM - 2010 Conforms with The American institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Nara', legal status and oddness) (Name, legal status and principal place efbecsfuem) The Cincinnati Insurance Company Selge Construction Co., Inc. P.O. Box 145496 This document has important 2833 South 11th Street Cincinnati, OH 45250-5496 legal consequences. Consultation Niles, MI 49120 Mailing Address for Notices with an attorney is encouraged same as above with respect to Its completion or OWNER: modification. (Nano, legal slalus coed address) Any singular reference to er or City of South Bend - Board of Public Works therparty shall consideredbeontractor. Surety, 227 W Jefferson Blvd plural where applicable. South Bend, 46601 BOND AMOUNT: 5% Five Percent of Amount Bid PROJECT: (Nana, location or address; andl'rojeetnumber, fany) 2023 Traffic Calming Project No. 122-014C 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 themsohTs. their heirs, oxocutors, administrators, successors and assignfi jointly and severally, as provided Itcrcin. Tiac conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid docurnents, or %vith'sn such time period as may be agreed to by the Otmcr and Contractor, and the Contractor either (1) enters into a contract �vitit the Owner in accoMmIce kith the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Docunients, will= a surely admitted in the jurisdiction of the Project and otherccisc acceptable to the owner, for tite faithful performance of such Contract and for tltc prompt pavtnent of labor and material funtislit d is (lie prosecution thereof: or (2) pays to the Owner tltc difference, not to execcd the amount o€ this Bond, bet%vicen the amount specified in said bid and such larger amount for +hide (1tc 0v.-ner may is good faith coftlmct with another party to perl'arm (lie pork covered by mid bid, then this obligation shall be null and void, otherwise to remain in full force and ell'ecl. The Surely hereby %waives any notice of an agreement betweun the Owner and Contractor to extend the time; in which the Owner may accept the bid. Vda'sver ❑l'notice by lice Surely shall not apply to ally extension exceeding sixty (00) days in the aggregate beyond the time tier acceptance orbids specified in the bid document.~, and the Owner and Conimulor shall obtain the Suret}ls consent lbr an extension beyond Axly (60) days. If this Bond is issued in connection with a subcontractors bid to a Contractor, the ternm Contractor in this Bond shall be deemed to be Subcontractor and the term Opener shall be deemed to be Contractor. When lltis Bond has been Burnished to comply %6th a s1aluton' or other legal requirement in Llte Imaliun of (hc Pa4rcl, any pnsvision in this blond cun[Bi ling with said s(alulory err legal requirement Mali be deemed deleted hcmi'rom and pro►isiuns cornli+rminx I(* such statutory or other Iugul ruquiremcnI shall be deemed incorporaled here iir. WIien so IiEmishrd, the intent is that this fiond shall be construed as a statutory lxnd and not as a conmmnn law band. Signed and sealed this 11 th day of April, 2023. (lriuress) Allison Swinehart lone cy David J. Roth S-0054/AS 8110 Selge Construction Co., Inc. (Principal) (Seal) B. { Justin Butler, Vice President The Cincinnati Insurance Company ltiuretyj � ! (Saul) By: (T(lle) Tracie House, Attorney -in -Fact CORPORATES S E A L