Madison County Board of Commissioners Meeting Agenda Packet May 19 2026
Courthouse retainage securities agreement with contractor
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Description
Madison County and Jackson Contractor Group, Inc. executed an agreement to pledge securities in lieu of traditional retainage for the Madison County Courthouse Rehabilitation and New Addition construction contract. Farmers State Bank will hold the pledged obligations and manage custodial care under the agreement.
Contract Details
Vendor
JACKSON CONTRACTOR GROUP INC
Agency
Madison County, MT
Contract Type
CONSTRUCTION
Document Date
May 18, 2026
Renewal Info
Agreement remains in effect until the Owner notifies the financial institution in writing that the construction contract is completed, breached, expired, or otherwise terminated; cannot be terminated unilaterally by the contractor.
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