180-26 - Exhibit B. AJ Contractors_compressed.pdf

CONSENT OF SURETY In consideration of the premises and of One Dollar ($1.00) lawful money of the United States, fo it is hand paid by the Contractor. the receipt whereof is hereby acknowledged, the undersigned surely consents and agrees that if the contract, for which the preceding estimate and proposal is made, be awarded to the person or persons submitting the same as contracted, it will become bound as surety and guarantor for its faithful performance, in an @mount equals to one hundred percent (100%) of the contract price, and will execute it as party of the third part thereto when required so te do by the Owner, and if the said Contractor shall omit or refuse to execute such Contract, remand to the Owner any increase between the sum to which the said Contract would have been entitled upon the completion of the said Contract and the sum which the said Owner may afterwards be awarded, the amount in such case fo be determined by the bids plus the cost, if any, of readvertising the bids for this work, less the amount of any certified check or bid bond payable and received. In Witness whereof, said surety has caused these presents to be signed and attested by a duly suthorized officer and its comorste seal to be hereto affixed this23rd day of June, 2026, Acorporate acknowledgment and statement of authority to be here attached by the surety company, A performance bond will be required from the successful centractor on this project, and consequently, all bidders Shall submit, with their bid, @ consent of surety in substantially the following form: ‘fo: _ Township Of West Orange (Owner) Re; ___A & J Contractors Group Inc. (Contractor) 2025 CDBG Road Rehabilitation - Standish Ave and Fremont Street (Project Description) This Is to certily that the _Bondex Insurance Company {Surety Company) will provide to_Township Of West Orange a performance bond in the full amount (Owner) ‘of awarded contract in the event that said contractor |s awarded a contract for the above project. A &J Contractors Group Inc. (CONTRACTOR) Bondex Sete nay (Authorized Agant &Susaty Company Philip S. Tobey, Attorney-in-Fact Date: June 23, 2026 CONSENT OF SURETY MUST BE SIGNED BY AN AUTHORIZED AGENT OR REPRESENTATIVE OF A SURETY COMPANY AUTHORIZED TO DO BUSINESS IN NEW JERSEY AND NOT BY THE INDIVIDUAL OR COMPANY REPRESENTATIVE SUBMITTING THE BID. P-23