Lakewood Township Committee Meeting Agenda May 2024
RRE Lakewood Performance Bond Released Pending Maintenance Bond
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Description
Lakewood Township released the $5,000 performance guarantee posted by RRE Lakewood, LLC for SP #2534AA, contingent on the firm posting a two-year $3,770 maintenance bond and meeting additional conditions.
Contract Details
Contract Amount
$5,000.00 (performance guarantee), $3,770.00 (future maintenance bond)
Vendor
RRE LAKEWOOD LLC
Agency
Township of Lakewood, NJ
Contract Type
CONSTRUCTION
Document Date
May 16, 2024
Contract Term
2 years (maintenance bond required)
Renewal Info
Maintenance bond to be posted for 2 years after release; release contingent on multiple closing requirements.
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