town_of_wilton_invitation_for_bids_03_25.pdf
Performance and Payment Bonds Required for Road Project
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Description
As part of the Wilton road construction project, the awarded contractor must secure performance and payment bonds from a qualified surety, ensuring faithful contract completion and payment to all material and labor suppliers.
Contract Details
Vendor
WINNING SURETY (TO BE SELECTED)
Agency
Town of Wilton, NH
Contract Type
OTHER
Document Date
March 26, 2025
Contract Term
Bond effective for duration of contract plus one-year guarantee period post-acceptance
Renewal Date
2026-10-15
Renewal Info
Bond coverage remains in effect until completion of contract and expiration of one-year workmanship guarantee post-acceptance. Changes to contract up to 20% of contract price are automatically included by bond provisions.
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