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INSURANCERELEASE RECOMMENDED

Lakewood Township Release of TCO Performance Guarantee Report Jan 2026

Release Recommended for Performance Bond by Great Midwest Insurance

$118,570.00Township of LakewoodGREAT MIDWEST INSURANCE COMPANYJanuary 20, 2026

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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

Description

Lakewood Township received a TCO performance guarantee in the amount of $118,570.00 from Great Midwest Insurance Company for the developer 1515 Pine St, LLC. The Township Engineer recommends the release of this bond, subject to payment of all inspection escrows, and recommends waiving a maintenance guarantee for the project.

Contract Details

Contract Amount

$118,570.00

Vendor

GREAT MIDWEST INSURANCE COMPANY

Agency

Township of Lakewood, NJ

Contract Type

INSURANCE

Document Date

January 20, 2026

Contract Term

Posted July 27, 2022 until January 20, 2026 (release recommended)

Renewal Date

2026-01-20

Renewal Info

Bond was in place from July 27, 2022 through project completion in January 2026. No renewal; release recommended pending escrow confirmation.

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