Performance bond required for water operations contract
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Description
The successful operations contractor for Prudence Island Water District must provide a performance bond covering up to the full annual base contract price, ensuring contract completion.
Contract Details
Contract Amount
Up to 100% of annual base contract price (to be included in proposer pricing)
Vendor
PERFORMANCE BOND PROVIDER
Agency
Prudence Island Water District, RI
Contract Type
INSURANCE
Document Date
February 23, 2026
Contract Term
Duration of service contract (likely 5 or 10 years)
Renewal Date
2031-XX-XX
Renewal Info
Bond must be maintained throughout contract duration; cost of required bond included in proposal pricing and is not a pass-through expense unless District agrees otherwise.
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