CONSTRUCTIONRELEASED

Performance Bond Released for Madison Mall Apartments LLC Development

The Borough of Madison authorized the release of a $119,407 performance bond and guarantee for Madison Mall Apartments LLC after completion of site improvements at 286-294 Main Street, retaining $62,108 for a maintenance guarantee and returning $57,299 to the developer.

Status
RELEASED
Document date
January 12, 2026
Contract type
CONSTRUCTION
Vendor
Madison Mall Apartments Llc
Agency
Borough of Madison · NJ

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$114,056 Performance Guarantee; $5,351 Safety and Stabilization Guarantee; $62,108 retained for Maintenance Guarantee; $57,299 returned to Developer
Contract type
CONSTRUCTION
Renewal
Maintenance guarantee retained; future action may occur at end of maintenance period.
Document type
Resolution
Source document
Borough of Madison Resolution R 49-2026 Release of Guarantees

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Borough of Madison?

Madison Mall Apartments Llc was awarded this construction contract by Borough of Madison, as recorded on January 12, 2026. The contract value is $114,056 Performance Guarantee; $5,351 Safety and Stabilization Guarantee; $62,108 retained for Maintenance Guarantee; $57,299 returned to Developer.

How much is the Madison Mall Apartments Llc contract with Borough of Madison worth?

The Madison Mall Apartments Llc contract with Borough of Madison is valued at $114,056 Performance Guarantee; $5,351 Safety and Stabilization Guarantee; $62,108 retained for Maintenance Guarantee; $57,299 returned to Developer, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Borough of Madison Resolution R 49-2026 Release of Guarantees (Resolution), dated January 12, 2026 from Borough of Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Madison Mall Apartments Llc hold?

Madison Mall Apartments Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Madison Mall Apartments Llc's profile

What is Borough of Madison currently buying?

Explore Borough of Madison's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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