Performance Bond for CW Neptune Site Reduced

The Township Committee approved the reduction and replacement of Performance Bond #SUR4000682 issued by Frankenmuth Insurance Company for CW Neptune, LLC’s Jumping Brook Road and Tee Place project. The bond amount will be reduced from $1,825,537.85 to $411,935.60 with corresponding adjustments to the cash escrow.

Document date · March 23, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Performance Bond #SUR4000682: reduced to $411,935.60 (original bond $1,825,537.85)

Contract type

FINANCIAL_SERVICES

Renewal

Bond obligation continues at reduced amount; existing bond is released upon issuance of a replacement bond for $411,935.60.

Document type

Minutes

Source document

Township of Neptune Committee Meeting Minutes March 23 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Neptune?

Frankenmuth Insurance Company was awarded this financial services contract by Township of Neptune, as recorded on March 23, 2026. The contract value is Performance Bond #SUR4000682: reduced to $411,935.60 (original bond $1,825,537.85).

How much is the Frankenmuth Insurance Company contract with Township of Neptune worth?

The Frankenmuth Insurance Company contract with Township of Neptune is valued at Performance Bond #SUR4000682: reduced to $411,935.60 (original bond $1,825,537.85), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Township of Neptune Committee Meeting Minutes March 23 2026 (Minutes), dated March 23, 2026 from Township of Neptune. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Frankenmuth Insurance Company hold?

Frankenmuth Insurance Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Township of Neptune currently buying?

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