Lakewood Township Committee Meeting Agenda April 2024
Performance Bond Released for Albert Greens, LLC Project
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Description
Lakewood Township approved the release of a performance guarantee for Albert Greens, LLC, with a $124,490 two-year maintenance guarantee required for Chestnut Street project.
Contract Details
Contract Amount
$1,019,209.10 (original performance guarantee), reduced to $307,345.03; $124,490.00 (maintenance guarantee to be posted)
Vendor
ALBERT GREENS LLC
Agency
Township of Lakewood, NJ
Contract Type
CONSTRUCTION
Document Date
April 11, 2024
Contract Term
Two-year maintenance period (contingent upon posting)
Renewal Info
Maintenance bond to follow for two years upon release.
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