Council reduces Eastern Pacific performance bond
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Description
Bridgeton City Council approved a reduction of the performance bond posted by Eastern Pacific for Phoenix Village Phase II, lowering the guarantee from $650,471.82 to $195,141.55. The action reflects progress toward project completion.
Contract Details
Contract Amount
Performance guarantee reduced to $195,141.55 (from $650,471.82)
Vendor
EASTERN PACIFIC
Agency
City of Bridgeton, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
November 17, 2025
Renewal Info
This is Performance Guarantee Reduction No. 1; further reductions or releases may occur as project milestones are met.
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