School District Posts $886K Letter of Credit
Norristown Area SDSchool · Norristown, PA- Disclosed value
- $886,844.20
- From agreement
- Document date
- May 12, 2026
The 30-second brief
West Norriton Township and Norristown Area School District entered into a financial security agreement requiring the District to post a $886,844.20 letter of credit to secure completion of building and site improvements at 1900 Eagle Drive. The auto-renewing letter of credit covers construction costs, contingencies, and Township engineering and legal fees until all improvements are completed and accepted.
Norristown Area School District holds this financial services contract with Norristown Area SD. Its other public contracts on record include work for Montgomery County IU 23 and Quaker Valley SD.
Term as filed: Letter of credit auto-renewed in one-year increments with at least 90 days’ notice prior to expiration.
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Contract details
- Contract type
- Financial Services
- Amount
- $886,844.20
- Document date
- May 12, 2026
- Term
- Letter of credit auto-renewed in one-year increments with at least 90 days’ notice prior to expiration
- Agency
- Norristown Area SD
- Source document
- West Norriton Township Financial Security Agreement 2026-05-12 (Agreement)
Norristown Area School District's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Norristown Area SD?
Norristown Area School District was awarded this financial services contract by Norristown Area SD, as recorded on May 12, 2026. The contract value is $886,844.20.
How much is the Norristown Area School District contract with Norristown Area SD worth?
The Norristown Area School District contract with Norristown Area SD is valued at $886,844.20, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record.
Where was this contract approved?
This contract appears in West Norriton Township Financial Security Agreement 2026-05-12 (Agreement), dated May 12, 2026 from Norristown Area SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Norristown Area School District hold?
Norristown Area School District may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Norristown Area SD currently buying?
Explore Norristown Area SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.