R2021-128 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Entler Excavating Co., Inc. for the 2021 Storm Drainage Improvement Project City Project 2021-30

Home Browse Search

{ M THE AMERICAN INSTITUTE OF ARCHITECTS i AIA Document A310 Bid Bond BOND#ENT7-8-21 ' KNOW ALL MEN BY THESE PRESENTS,that we ENTLER EXCAVATING CO.,INC. 819 N Sunnyside Rd Decatur,IL 62522 ' (Here insert full name,and address or legal title of Contractor) as Principal,hereinafter called the Principal,and Granite Re,Inc. 14001 Quailbrook Dr Oklahoma City,OK 73134 ' a corporation duly organized under the laws of the State of MN as Surety,hereinafter called the Surety,are held and firmly bound unto City Of Decatur #1 Gary K.Anderson Plaza Decatur,IL 62523 (Here insert full name,and address or legal title of Owner) ' as Obligee,hereinafter called the Obligee,in the sum of Ten Percent of Amount Bid---------------------------Dollars 10.00%%), for the payment of which sum well and truly to be made,the said Principal and the said Surety,bind ourselves,our heirs,executors, administrators,successors and assigns,jointly and severally,firmly by these presents. WHEREAS,the Principal has submitted a bid for 2021 Storm Drainage Improvement Project-City Project 2021 -30 (Here insert full name,address and description of project) NOW,THEREFORE,if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in ' accordance with the terms of such bid and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof,or in the event of the failure of the Principal to enter such Contract and give such bond or bonds,if the Principal shall pay to the iObligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee 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 effect. Signed and sealed this 8th day of July,2021 ENTLER EXCAV NG CJVD.,INC (Principal) (Sea (Witness) l (Title) ` ' Granite Re,Inc. � ^ ^ r � (Seal) ' (Witness)Dawn R. Tucker Charles R.McQuigg n, ttorney-in t AIA DOCUMENT A310 BID BOND AIA® FEBRUARY 1970 ED THE AMERICAN INSTITUTE OF ARCHITECTS,1735 N.Y.AVE.,N.W.WASHINGTON,D.C. 20006 1 WARNING: Unlicensed photocopying violates U.S.copyright laws and is subject to legal prosecution.