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r <br /> r <br /> Document A310Tm 2010 <br /> Bid Bond <br /> CONTRACTOR: SURETY: <br /> (Nance,legal status and address) (Nance,legal status and principal place <br /> Culy Contracting,LLC gfbifsiness) <br /> r5 Industrial Park Drive United Fire&Casualty Company,Inc. This document has important legal <br /> BOX 73909 0. <br /> Winchester,IN 47394 P. consequences.Consultation with <br /> OWNER: Cedar Rapids,IA 52407 an attorney is encouraged with <br /> r (Name,legal status and address) respect to its completion or <br /> City of Decatur,IL modification. <br /> 1 Gary K.Anderson Plaza Any singular reference to <br /> r Decatur,IL 62523 Contractor,Surety,Owner or <br /> BOND AMOUNT: 10%of Amount Bid other party shall be considered <br /> plural where applicable. <br /> PROJECT: <br /> ' (Nance.location or address,and Prglect number:ljarty) <br /> 2020 Annual Manhole Rehabilitation Project-City Project 2020-14 <br /> ' The Contractor and Surety are bound to the Owner in the amount set forth above,for the payment of which the <br /> Contractor and Surety bind themselves,their heirs,executors,administrators,successors and assigns,jointly and <br /> severally,as provided herein.The conditions of this Bond are such that if the Owner accepts the bid of the Contractor <br /> within the time specified in the bid documents,or within such time period as may be agreed to by the Owner and <br /> ' Contractor,and the Contractor either(1)enters into a contract with the Owner in accordance with the terms of such <br /> bid,and gives such bond or bonds as may be specified in the bidding or Contract Documents,with a surety admitted <br /> in the jurisdiction of the Project and otherwise acceptable to the Owner,for the faithful performance of such Contract <br /> and for the prompt payment of labor and material furnished in the prosecution thereof.or(2)pays to the Owner the <br /> r difference,not to exceed the amount of this Bond,between the amount specified in said bid and such larger amount <br /> for which the Owner may in good faith contract with another party to perform the work covered by said bid,then this <br /> obligation shall be null and void,otherwise to remain in full force and effect.The Surety hereby waives any notice of <br /> r an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid.Waiver of <br /> notice by the Surety shall not apply to any extension exceeding sixty(60)days in the aggregate beyond the time for <br /> acceptance of bids specified in the bid documents,and the Owner and Contractor shall obtain the Surety's consent for <br /> an extension beyond sixty(60)days. <br /> ' If this Bond is issued in connection with a subcontractor's bid to a Contractor,the term Contractor in this Bond shall <br /> be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. <br /> When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, <br /> any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and <br /> provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein.When so <br /> furnished,the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. <br /> r Signed and sealed this 18th day of November 2020 <br /> Culy Contractin LLC <br /> incl <br /> a (Sent) <br /> Z <br /> Till <br /> U ' ed F' e&CasualtyCo Inc. <br /> Pee,zozo ) — ( r" ti' (Seal) <br /> r l itrrc.s.) , 0_�,�DA <br /> (7ftle) Melissa Propst,Attorney-i -Fact <br /> CAUTION:You should sign an original AIA Contract Document,on which this text appears in RED.An original assures that <br /> changes will not be obscured. <br /> Init. AIA Document A310TM—2010.Copyright CK)1963.1970 and 2010 by The American Institute orArchilects.All rights reserved.WARNING:This AIA` <br /> Document is protected by U.S.Copyright Law and International Treaties.Unauthorized reproduction or distribution of this AIA"Document,or <br /> any portion of it;may result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the law. <br /> ( Purchasers are permitted to reproduce ten(10)copies of this document when completed.To report copyright violations or AIA Contract Documents,e-mail <br /> The American Institute of Architects'legal counsel.copynght@aia.org. 06,110 <br /> r <br />