2024 road program contract amended and closed out
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Description
Cinnaminson Township approved Change Order No. 1 for the 2024 Road Improvement Program with Asphalt Paving Systems, Inc., reducing the contract from $593,800 to $581,918.93 and authorizing final payment of $195,169.06. The resolution also releases the performance guarantee and establishes a two-year maintenance guarantee in the amount of $581,918.93.
Contract Details
Contract Amount
Change Order #1: -$11,881.07 (from $593,800.00 to $581,918.93); Final Payment Certificate No. 2: $195,169.06
Vendor
ASPHALT PAVING SYSTEMS INC
Agency
Township of Cinnaminson, NJ
Contract Type
CONSTRUCTION
Document Date
June 15, 2026
Contract Term
Two-year maintenance guarantee for $581,918.93 after project completion
Renewal Date
2028-06-08
Renewal Info
Performance guarantee is released upon substantial completion and replaced with a two-year maintenance guarantee for $581,918.93.
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