Village of Kings Point Minutes Board of Trustees Meeting 2026-05-12
Village to Claim Damages Under Dicor Bid Bond
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Description
The Village of Kings Point directed its General Counsel to pursue recovery of 5% of Dicor Construction Inc.’s total bid from Merchants National Bonding, Inc., which issued the contractor’s bid bond. This action follows Dicor’s attempted withdrawal from the 2026 Roadway Drainage Improvements contract.
Contract Details
Vendor
MERCHANTS NATIONAL BONDING INC
Agency
Village of Kings Point, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Surety relationship under existing bid bond; action involves enforcing bond terms rather than renewing a contract.
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