Middle Township Regular Meeting Minutes 2026-05-18
Performance bond reduced for Jasick Group development
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Description
Middle Township reduced the performance guarantee held for Jasick Group LLC’s project at Block 163.01, Lot 227 from $3,973,251.20 to $3,708,261.20. The adjustment reflects completed improvements verified by the township engineer.
Contract Details
Contract Amount
Performance guarantee reduced from $3,973,251.20 to $3,708,261.20
Vendor
JASICK GROUP LLC
Agency
Township of Middle, NJ
Contract Type
CONSTRUCTION
Document Date
May 18, 2026
Renewal Info
This action amends the existing performance guarantee amount based on completed work; future reductions or conversion to maintenance bond may follow as phases are completed.
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