Opening of Quotes - Veteran's Memorial Park Twyckenham Sidwalk 125-077 - Premium Concrete Services

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Document A31OTM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Premium Concrete Services, Inc. 712 Richmond St Elkhart, IN 46516 OWNER: (Nanrc. legal status and addrrrssl City of South Bend 227 W Jefferson Blvd South Bend. IN 46601 BOND AMOUNT: 5% SURETY: (Name, legal status and principal place rjlnevinezv) Old Republic Surety Company P. O. Box 1635 Milwaukee, WI 53201-1635 Mailing Address for Notices Five Percent of Amount Bid PROJECT: (,Name, location or addns% and Project urmrber, ij'an}.) Veterans' Memorial Park Twyckenham Drive Sidewalk, Project No. 12-077 This document has Important legal consequences. Consultation with an attorney is encouraged with respect to its completion or mo lifiption. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. The Contractor and Surety arc 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 assign% jointly and 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 Owner and Contractor, and the Contractor either (I ) enters into a contract with die Owner in accordance with the terms of such bid, and elves 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 die 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 perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and ell'ect. The Surely hereby waives any notice of an ugroemcnl between the Owner and Con (motor to extend the rime in which die Owner nmy accept die bid. Waiver of notice by tine Surety shall not apply to any extension exceeding sixty (60) days in [lie aggregate beyond the time Ibr acceptance ofbids speci lied in the bid documents, and the Owner and Contractor shall obtain the Surety's consent tier an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractors bid to a Contractor. the tern Contractor in this Bond shall be deemed to be Subcontractor and the terns Owner shall be deemed to be Contractor. When this Bond has been lumished to comply with n slatmory or other legal requirement in the location orthe Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted hereliom and provisions conlimning to such statutory or other legal requirement shall be deemed incorporated herein. When so I'umished, [he intent is that [his Bond shall be construed m n slnlulory bond and not as a common law bond. Signed and sealed this 27th day of April, 2026. Premium Concrete Services, Inc. (Principal) (seal) 4umxs) BY Civ yPhu1- IrrA PrvsidteY roue) Old Republic Surety Company %PLyy 64urely) (Serd) S� f <e�roR�ri (iJrinlav) Pamela b. Hig 'nbotham 41 _ 3k SEAL S-00541AS 8/10