Surety bid bond backs Warwick school construction bid
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Description
The Ohio Casualty Insurance Company provided a bid bond equal to ten percent of ADS Construction, Inc.'s $239,000 bid for the Warwick Early Learning Center building envelope upgrades. The bond secures ADS's obligation to execute the contract and provide further performance security if awarded.
Contract Details
Contract Amount
Bid bond equal to 10% of bid amount (10% of $239,000.00)
Vendor
OHIO CASUALTY INSURANCE COMPANY
Agency
Warwick School District, RI
Contract Type
INSURANCE
Document Date
March 13, 2026
Contract Term
Covers the period during which the bid is irrevocable (60 days from bid closing) and until execution of the contract and performance bond if the bid is accepted
Renewal Info
Bid bond applies to this specific bid and irrevocability period; no renewal or extension terms are indicated.
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