city_of_grand_island_contract_agreement_with_diamo.pdf
Labor & Material Bond Secures Stuhr Road Work
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Description
Universal Surety Company issued an $811,466.85 labor and material payment bond for The Diamond Engineering Company’s Stuhr Road at Highway 30 project in Grand Island. The bond protects laborers and suppliers by guaranteeing payment obligations.
Contract Details
Contract Amount
$811,466.85
Vendor
UNIVERSAL SURETY COMPANY
Agency
City of Grand Island, NE
Contract Type
INSURANCE
Document Date
February 13, 2025
Contract Term
Bond dated February 11, 2025, covering payment of labor and material claims for the Stuhr Road at Highway 30 Northbound Turn Lanes project; effective through completion of payment obligations
Renewal Info
Single-project labor and material payment bond tied to project 2023-P-12; in force until all payment obligations are satisfied and not structured for renewal.
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