Woolwich Township Committee AgendaPacket 2026-05-18
Maintenance bond accepted for Oak View Terrace paving
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Description
Woolwich Township accepted a two-year $219,545.54 maintenance bond from Arawak Paving Co., Inc. for the Improvements to Oak View Terrace project, replacing the prior performance guarantee. The bond, issued by Berkley Insurance Company, runs from April 20, 2026 through April 20, 2028.
Contract Details
Contract Amount
$219,545.54 (Maintenance Bond); original construction contract $237,976.17
Vendor
ARAWAK PAVING CO INC
Agency
Township of Woolwich, NJ
Contract Type
CONSTRUCTION
Document Date
May 18, 2026
Contract Term
Two-year maintenance period from April 20, 2026 to April 20, 2028
Renewal Date
2028-04-20
Renewal Info
Performance bond converted to a two-year maintenance bond that expires April 20, 2028.
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