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Item 14 - Approve Agreements for On-Call Construction Services
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Item 14 - Approve Agreements for On-Call Construction Services
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12/18/2024 9:32:12 AM
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City Clerk
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Agenda Packet
Agency
Public Works
Item #
14
Date
8/16/2022
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0, <br />ZURICH <br />April 14, 2022 <br />Ruben Castaneda <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Zurich Noirth Anvdca Surer <br />Los Angeles Branch <br />777 c Figueroa Street, Suite 3900 <br />Los Angeles. California 90017 <br />Phore 213 270-0715 <br />Fa'/. 2,13 270-045 <br />Re: Crosstown Electrical & Data, Inc. <br />On -Call Construction Services for Traffic Signals, Street Lights, and Concrete Wheel Chair Ramps - <br />RFP No. 21-095 <br />To Whom It May Concern, <br />Crosstown Electrical & Data, Inc. is a valued surety client of Fidelity and Deposit Company of <br />Maryland and has asked us to write to you regarding their bond capacity. Whereas we have not set a <br />maximum single / aggregate bond limit, we would consider bonds as large as $35,000,000.00 within <br />an aggregate program of $100,000,000.00, <br />Our investigation of Crosstown Electrical & Data, Inc. clearly indicates a company that is thoroughly <br />versed in the construction industry, with a wealth of experienced people, who have become known <br />for their ability to complete jobs on schedule and within budget, complemented with excellent <br />workmanship. <br />We assure you that based on our normal conditions being prevalent and all underwriting conditions <br />being met, we can foresee no difficulty in fulfilling requests by your organization to execute faithful <br />performance and labor and materials bonds, as required by the terms of a contract awarded to <br />Crosstown Electrical & Data, Inc. <br />Fidelity and Deposit Company of Maryland is a California Admitted Surety Insurer, is listed on the <br />Federal Register Circular 570, and is rated A+ (Superior) XV by A.M. Best. <br />You understand, of course, that our consideration and issuance of bonds is a matter solely between <br />Crosstown Electrical & Data, Inc. and ourselves, and will be subject to our standard underwriting at <br />the time of the request, which will include but not be limited to the acceptability of the contract <br />documents, bond forms and project financing. We assume no liability to third parties or to you by <br />issuance of this letter or if for any reason we do not execute said bond or bonds. <br />Regards, <br />FIDELITY AND DEPOSIT COMPANY OF MARYLAND <br />Dwight Reilly <br />Attorney -in -Fact <br />A member oJ'the Zurich Pi?na; cial .services Group <br />
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