R2026-168 Resolution Approving Bid with Henson Robinson Company for Boiler Pump Replacement at 130 North Franklin Street

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t511A I A Document A3101" - 2010 Bid Bond CONTRACTOR: SURETY: (Name,legal status and address) (Nance, legal status and principal place Henson Robinson Company of business) 3550 Great Northern Avenue Fidelityand Deposit Company of Ma land ADDITIONSAND DELETIONS: Springfield, Illinois 62711 p p y MaryThe aauthor of this document has 1299 Zurich Way added information needed for its OWNER: Schaumburg, IL. 60196 completion.The author may also (Vance,legal status and address) have revised the text of the original City e, C legal status ecatuf AIA standard form.An Additions and #1 Gary K Anderson Plaza Deletions Report that notes added information as well as revisions to the Decatur, IL 62523 standard form text is available from BOND AMOUNT:S (---5%---) the author and should be reviewed.A Five Percent of Bid Amount vertical line in the left margin of this PROJECT: document indicates where the author (Name,location or address,and Project number, ?luny) has added necessary Information Bid Number: PUR2026-03 Library Boiler Replacement—Decatur, IL and where the author has added to or deleted from the original AIA text. This document has important legal consequences.Consultation with an The Contractor and Surety are bound to the Owner in the amount set forth above,for the attorney is encouraged with respect payment of which the Contractor and Surety bind themselves,their heirs,executors, to its completion or modification. administrators,successors and assigns,jointly and severally,as provided herein.The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within Any singular reference to Contractor, the time specified in the bid documents,or within such time period as may be agreed to by Surely,Owner or other party shall be the Owner and Contractor,and the Contractor either(I)enters into a contract with the considered plural where applicable. Owner in accordance with the terms of such bid,and gives 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 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 waives any notice of an agreement between the Owner and Contractor to extend the time 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. \Vhen 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",—2010.Copyright O 1983,1970 and 2010 by The American Institute of Architects.All rights reserved.WARNING:This AlA'Document Init. Is protected by U.S.Copyright Law and international Treaties.Unauthorised reproduction or distribution of this AIA' Document,or any portion of It, may result in severe Orli and criminal penalties,and will be prosecuted to the maximum extent possible under the law.This document was produced by AIA software at 10:57:27 on 05129/2012 under Order No.8038099141_1 which expires on 03/0112013,and is not for resale. User Notes: (1786873677)