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HomeMy WebLinkAboutB & B Builders and Supply-8/16/2010Bond No. IAC102803 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) of 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 One Hundred Eighty Four Thousand Four Hundred Seveag 95/100 M-184,478.95-1, 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 / t day of i9 G' , 2010• enter into a written contract with the City of Waterloo, Iowa, for the construction of F.Y. 2011 Sidewalk Repair Assessment Program -Zone 101 Contract No. 781 a copy of which contract, together with all of its temps, 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 S3OVd Z JO Z 30dd 0N09 MOS ue6y luepisalj ennol ' Bun 3o8A-111-MXLION tuns (prim) Auedwo3 6uipuo8 s;ueyoJe, f -14,,,,A -777? -y -y /I? :ite Itdloulad Aiddng'8 sJaplin8 8'8 8 CZ' s141 slims pup apueq.ino les ownwa4 eget eM'ACStamm SS3N1IM NI P •pegle3o sem giOM tons ems wow ee81go eqi q mow! Jo pei.Aoosip ecu lemma Jo d441711JeuqJOM u! peieP JOi puoq 114; uo ens q MOBN e4} waw e4i 10 u,e{deooe oqq jo ewp e48 uOJI ass (I) euo usi4 WA 01 sllwll 1p14M PIMA eI lIe4s toe4u0o Jet8o clue Jo io puoq 2041 uoisu►oid ou •eseaxiul ssaoxa tpns ()Ise >Ilua mews eq uaq uegs pUe 'eoid PaAuoo Imo3 eta Jo NOZ) ivawed Auan; ue4; aiow Jo Osamu! wit salami ;au saop e0ue4a tans ueuM peAuoo Jo 'suomogloeds 'sum(' eqs uj aBue p rtue o1 'peguO3 ata 'moped o; 4o14M ul pavan ein W1 ewg ;o uoisueixe /Cue o,, ' 1 :eo ou mow*. $uasuo3 41Suipueis4wAlou kw uoo 84; 01 pe4uao clue 'play. pus Pauroop eq tlsus Puoq &41 uo loins M*A3 cc Rb® CERTIFICATE OF LIABILITY INSURANCE OP ID HT1 DATE(NIM/DD/YYYY) 08/13/10 THIS CERTIFICATE 15 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(les) must be endorsed. If SUBROGATION 15 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 FAY ROSENBERG, INC. 604 Locust St., Ste. 800 Des Moines IA 50309-3713 Phone:515-309-6200 Fax:515-309-6225 Lvn I Al. 1 NAME: AIC No, Ext): FAX PHAiRtOLD No): ADDRESS: CUSTOMEERR ID 0: B&BBU-1 INSURER(S)AFFORDING COVERAGE NAIC0 INSURED B & B Builders & Supply 5728 Sierra Drive Waterloo IA 50701 INSURER A : Bituminous Insurance Companies INSURER B : CLP3259847 INSURERC: 01/01/11 INSURER D : $ 1,000,000 $ 100,000 INSURER E : Utat 10 PREMAISES (EatNIEU occurrence) INSURER F : CLAIMS -MADE 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. INSR TYPE OF INSURANCE AUUL INSR bUtlNtY WVD POLICY NUMBER EFF /YYYY) POLICY !XP (MM/DDIYYYY) UMITS A GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY OCCUR Liab. CLP3259847 01/01/10 01/01/11 EACH OCCURRENCE $ 1,000,000 $ 100,000 X Utat 10 PREMAISES (EatNIEU occurrence) CLAIMS -MADE X MED EXP (Any one person) $ 5,000 X Contractual PERSONAL&ADVINJURY $ 1,000,000 XCU Included GENERAL AGGREGATE $ 2,000,000 $ 2 , 000 , 000 GEN'L AGGREGATE LIMIT APPLIES PER: n LOC PRODUCTS - COMP/OP AGG 7 POLICYI j I JEC Emp Ben. $ 2,000,000 A AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON -OWNED AUTOS CAP3526819 01/01/10 01/01/11 COMBINED SINGLE LIMIT idem) $ 1,000,000 X BODILY INJURY (Per person) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE (Per accident) $ $ $ A UMBRELLA UAB EXCESS UAB 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 ANY PROPRIETOR/PARTNER/EXECUT OFFICER/MEMBER EXCLUDED? (Mandatory In NH) If yes, cribe under DESCRIPTION ION OF OPERATIONS Y / N 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 below E.L. DISEASE - POLICY LIMIT $ 500000 A CONTRACTORS EQUIPMENT COVERAGE CLP3259847 01/01/10 01/01/11 LThIIT $777,311 DED $1 000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (Attach ACORD 101, Addltlonal Remarks Schedule If more space Is required) RE: F.Y. 201 Sidewalk Repar Assessment Pro. -Zone .0 City of Waterloo, IA - Contract #761 s. CERTIFICATE HOLDER CANCELLATION WATER -1 City of Waterloo 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 (2009/09) The ACORD name and logo are registered marks of ACORD