Surety bid bond issued for Warwick schools project
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Description
Merchants National Bonding, Inc. provided a bid bond equal to 10% of Red Oak Remodeling’s bid for exterior parking renovations at seven Warwick schools, securing the City of Warwick against default during the award and contracting phase. The surety obligation was executed on March 27, 2026.
Contract Details
Contract Amount
10% of bid amount (surety bond)
Vendor
MERCHANTS NATIONAL BONDING INC
Agency
Warwick School District, RI
Contract Type
FINANCIAL_SERVICES
Document Date
March 26, 2026
Contract Term
Bond executed March 27, 2026; covers bid period and subsequent contract execution per bond terms
Renewal Info
Standard bid bond securing the bid and subsequent contract execution; no renewals noted.
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