R2023-44 Resolution Accepting the Bid and Authorizing the Execution of a Contract with E.L. Pruitt Co. for the Replacement of HVAC and Controls System for Transit Services

Home Browse Search

e AIA Document A310tm - 2010 Bid Bond Contractor: Surety: (Nance, Legal Status and Address) (Nmne, Legal Staters and Principal Place of Business) EL Pruitt Company Travelers Casualty and Surety Company of America PO Box 3306 One Tower Square ADDITIONS AND DELETIONS: Springfield IL 62708 Hartford CT 06183-6014 The author ofthis document has added information needed for its completion. Owner' The author may also have revised the (Narne, Legal Status and Address) text of the original AIA standard form. Decatur Public Transit An Additions and Deletions Report 555 E Wood St that notes added information as well as Decatur IL 62523 revisions to the standard form text is available from the author and should be reviewed. A vertical line in the left Bond Amount: Five percent of bid margin of this document indicates Project' where the author has added necessary (Name, location or address, and Project nianber, if any) information and where the author has Decatur Public Transit- HVAC,Transit 2022-06 added to or deleted from the original AIA text. The Contractor and Surety are bound to the Owner in the amount set forth above,for the The document has important legal payment of which the Contractor and Surety bind themselves,their heirs,executors, consequences. Consultation with an administrators,successors and assigns,jointly and severally,as provided herein. The attorney is encouraged with respect to conditions of this Bond are such that if the Owner accepts the bid of the Contractor within its completion or modification. 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 Any singular reference to Contractor, Owner in accordance with the terms of such bid,and give such bond or bonds as may be Surety,Owner or other party shall be Specified in the bidding or Contract Documents,with a surety admitted in the jurisdiction considered plural where applicable. 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 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 perform the work covered by said bid,then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waived any notice of an agreement between the Owner and Contractor to extend the tithe in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty(60)days in the aggregate beyond the time for acceptance of bids specified in the bid documents,and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty(60)days. If this Bond is issued in connection with a subcontractor's bid to a Contractor,the term 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 furnished 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 herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished,the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. AIA Document A310—2010tm The American Institute of Architects (Converted to form by First Mid Insurance Group)