181-26 Exhibit B-Reggio Construction_compressed.pdf

Bid Bond KNOW ALL MEN BY THESE PRESENTS, That we, the undersigned Reggio Construction Inc. as Principal, Bondex Insurance Company as Surety, are hereby and firmly bound unto the Township of West Orange, in the penal sum of Ten Percent Of The Amount Bid Not To Exceed Twenty Thousand And 00/100 Dollars (10% Of The Amount Bid Not To Exceed $20,000.00) for payment of which, well and truly to be made, we hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. Signed this 23rd day of June, 2026. The condition of the above obligation is such that whereas the Principal has submitted to the Owner as defined, a certain Bid, attached hereto, and hereby made a part hereof, to enter into a contract in writing for: NJDOT MA 2025 - Helen Avenue, Lawrence Avenue, Florence Place & Lowell Avenue Improvements NOW, THEREOF, if said Bid shall be rejected, or, in the alternative, If said Bid shall be accepted and the Principal shall execute and deliver a Contract in the form of Contract provided (properly completed in accordance with said Bid) and shall furnish a bond for his faithful performance of said Contract, and shall in all other respects perform the Agreement created by the acceptance of the Bid. Then this obligation shall be void, otherwise the same shall remain in force, and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated. The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its bond shall be in no way impaired or affected by any extension of the time within which the Principal may accept such Bid; and said Surety does hereby waive notice of any such extension. BBF-vs1.0.0