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HomeMy WebLinkAboutB & B Builders and Supply-9/7/2010 (2)Bond No. IAC102807 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS; That we, B & B Builders &Supply , of Waterloo, Iowa (hereinafter called the Principal), and Merchants Bonding Company (Mutual) 01 Des Moines, Iowa (hereinafter called the Surety), are held and firmly bound unto the City of Waterloo (hereinafter called the Obligee), In the penal sum —Eleven Thousand Eight Hundred Fifty Three & 90/1000o/lays ($--1 1,853.90— ), lawful money of the United States, to payment of which sum, well and truly to be made, the Principal here firmly binds himself/themselves, his/their heirs, executors, and administrators, and the said Surety binds himself, his successors, assigns, executors, and administrators, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION is such that, WHEREAS the above bounden Principal did, on the day of 5- IF i , 2010, enter into a written contract with the City of Waterloo, Iowa, for the construction of F.Y. 2011 Sidewalk Repair Block Grant Program -Zone 10i Contract No. 780 a copy of which contract, together with all of its terms, covenants, conditions, and stipulations, is incorporated herein and made a part hereof as full and completely as if said contract were recited at length herein; and WHEREAS, the Principal and Surety on this bond hereby agree to pay to all persons, firms or corporations having contracts directly with the Principal or with subcontractors, all just claims due them for labor performed or materials furnished in the performance of the contract on account of which bond is given when the same are not satisfied out of the portion of the contract price which the public corporation is required to retain until completion of the public improvement, but the Principal and Surety shall not be liable to said persons, firms, or corporation unless the claims of said claimants against said portion of the contract price shall have been established as provided by law. Now, If the Principal shall in all respects fulfill his said contract according to the terms and tenor thereof, and shall satisfy all claims and demands incurred for the same, and shall fully indemnify and save harmless the Obligee from all costs and damages which it may suffer by reason of failure to do so, and shall fully reimburse and repay the Obligee all outlays and expenses which it may incur in making good any such default, then the obligation is to be void and of no effect, otherwise to remain In full force and effect. FORM OF BOND PAGE 1 OF 2 PAGES S3JNd Z IO Z 3JVd aNO9 dO IN801 4uapisa i enrol '2 ped-ul-Aeusouy g ledioupd Apddng'8 saapl!n8 8'8 8 0 6 OZ of.:7 s -10 Lop -7 s141 glees pug spueq J110 les mummy eAey ea►1403a3I4M SS3N1iM NI •pagdox» sena wins ewg ea; 3a ea8 qo ea; a; mow! 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Pus peweep eq frig puo4 &4} ua Awns ken PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: that B & B Builders & Supply (Name of Contractor) 5728 Sierra Drive, Waterloo, Iowa 50701 (Address of Contractor) a Individual _ _, hereinafter called Principal, (Corporation, Partnership or Individual) and Merchants Bonding Company (Mutual) (Name of Surety) 2100 Fleur Drive, Des Moines, Iowa 50321 (Address of Surety) hereinafter called Surety, are held and firmly bound unto City of Waterloo, Iowa (Name of Owner) (Address of Owner) hereinafter called OWNER, in the penal sum of Eleven Thousand Eight Hundr liars, $(-11,853.90-, 1-iny i nree ix au,i uu in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain contract with the OWNER, dated the day of r l' i " 20 10 , a copy of which is hereto attached and made a part hereof for the construction of: F.Y. 2011 Sidewalk Repair Block Grant Program -Zone 10, Contract 780 NOW, THEREFORE, if the Principal shall promptly make payment to all puns, firms, SUBCONTRACTORS, and corporations furnishing materials for or performing labor in the prosecution of the WORK provided for in such contract, and any authorized extension or modification thereof, including all amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such WORK, and all insurance premiums on said WORK, and for all labor, performed in such WORK whether by SUBCONTRACTOR. or otherwise, then this obligation shall be void; otherwise to remain in full force and effect. PROVIDED, FURTHER, that the said Surety for value reecived hereby stipulates and agrees that no change, extension Mime, alteration or addidon to the terms of the contract or to the WORK to be performed th eretmder or the SPECIFICATIONS accompanying the same shall in any wise affect its obligation on this BOND, and it does hereby waive notice of any such change, extension of time, alteration or addition to the teens of the contract or to the WORK or to the SPECCFICATIONS. PROVIDED. FURTHER, that.ao final settlement between the OWNER and the CONIRACTOR shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. IN WITNESS HEREOF, this instnzment is executed in six (6) coantetparts, each one of (number) which shall be deemed an original, this the. day of e 7-- 2010 ATTEST: (SEAL) }Secretory 1 p, i � r YVltn at io Prt d (Address) in /17`0-17,z 0.V 604 Locust Street, Suite 800 (Address) Des Moines, Iowa 50309-3713 B & B Builders & Supply By a,' R.,,..4‘.4. (s) 5728 Sierra Drive (Addrcsal"""'" Waterloo, Iowa 50701 ondin• Com:n, (Mutual) D ne R. oungAttorney-i 2100 Fleur Drive (ANTI* Des Moines, Iowa 50321 a es en agent NOTE: Date ofBOND must not bo prior to date of Contract. If CONTRACTOR is Partnership, all partners should execute BOND. iti(...:74' CERTIFICATE OF LIABILITY INSURANCE OP ID Jl DATE(MM/DDnYYY) 09/01/10 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER AHROLD FAY ROSENBERG, INC . 604 Locust St., Ste. 800 Des Moines IA 50309-3713 Phone:515-309-6200 Fax:515-309-6225 6UN IAl.I NAME: PHONE , Ext): FAX No): ADDRESS: PRODUCER CUSTOMER ID 0: B&BBU-1 INSURER(S)AFFORDINGCOVERAGE NAIC0 INSURED B & B Builders & Supply 5728 Sierra Drive Waterloo IA 50701 INSURER A: Bituminous Insurance rte+.+.n4es OCCUR Liab. INSURER B : INSURERC: 01/01/10 INSURER D : EACH OCCURRENCE INSURER E : X INSURER F : $ 100,000 COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. ILTR TYPE OF INSURANCE INSR WVD POLICY NUMBER (MM/DD/YY1 (MMIDD/YY� LIMITS A GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY OCCUR Liab. CLP3259847 01/01/10 01/01/11 EACH OCCURRENCE $ 1,000,000 X PREMISES (Ea occurrence) $ 100,000 CLAIMS -MADE X MED EXP (Any one person) $ 5 , 000 X Contractual PERSONAL & ADV INJURY $ 1, 000 , 000 XCU Included GENERAL AGGREGATE $ 2,000,000 $ 2,000,000 GEN'L AGGREGATE LIMIT APPLIES PER PRODUCTS - COMP/OP AGG 7 POLICY I I Fp,: LOC Emp Ben. $ 2,000,000 AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON -OWNED AUTOS CAP3526819 01/01/10 01/01/11 COMBINED SINGLE LIMIT (EaaA $ 1,000,000 X BODILY INJURY BOURY (Per person) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE (Per accident) $ $ $ A UMBRELLA LIAB EXCESS LIAR X OCCUR CLAIMS -MADE CUP2584862 01/01/10 01/01/11 EACH OCCURRENCE $2,000,000 AGGREGATE $ DEDUCTIBLE RETENTION $ 10, 000 $ X $ A WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y / N ANY PROPRIETOR/PARTNER/EXECUTIVEll OFFICER/MEMBEREXCLUDED? (Mandatory In NH) It yes, describe under DESCRIPTION OF OPERATIONS below N/A WC3526820 01/01/10 01/01/11 X WCSTATU- OTH- TORY LIMITS ER E.L. EACH ACCIDENT $ 500000 E.L DISEASE - EA EMPLOYEE $ 500000 E.L. DISEASE - POLICY LIMIT $ 500000 A CONTRACTORS EQUIPMENT COVERAGE CLP3259847 01/01/10 01/01/11 LIMIT $777,311 DED $1,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (Attach ACORD 101, Additional Remarks Schedule, H morespace Is required) RE: F.Y. 2011 Sidewalk Repair Blcok Grant Program — Zone 10 City of Waterloo, IA — Contract P780 CERTIFICATE HOLDER CANCELLATION WATER -1 City of Waterloo Bldg Inspection Dept. 715 Mulberry St. Waterloo IA 50703 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE ©1988- 009 ACORD CORPORATION. All rights reserved. ACORD 25 (2009109) The ACORD name and logo are registered marks of ACORD