Monroe Township Council Resolution R-5-2026-104 Budget Reading
Hometech performance bond converted to maintenance guarantee
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Description
Monroe Township Council approved the release of a $2,160.00 cash performance guarantee for Hometech Homes, LLC., contingent upon posting a $324.00 maintenance guarantee for project W 1244. The action follows inspections and recommendation by the Monroe Township Utility Department.
Contract Details
Contract Amount
Release Cash Performance Guarantee in the amount of $2,160.00 and replace with a Maintenance Guarantee in the amount of $324.00
Vendor
HOMETECH HOMES LLC
Agency
Township of Monroe, NJ
Contract Type
CONSTRUCTION
Document Date
May 4, 2026
Renewal Info
Performance guarantee is being released and replaced by a 15% maintenance guarantee; duration of maintenance guarantee not specified.
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Monroe Township Council Resolution R-5-2026-104 Budget Reading
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