CONSTRUCTIONAMENDED

Performance guarantee reduced for D.R. Horton subdivision

Moorestown Township Council approved the first reduction of D.R. Horton Inc’s performance guarantee for The Enclave at Moorestown subdivision, cutting the total guarantee from $940,777.45 to $282,233.23 and releasing $65,854.22 in cash. The action follows engineering verification of completed site improvements.

Status
AMENDED
Document date
August 10, 2026
Contract type
CONSTRUCTION
Vendor
D.r. Horton Inc
Agency
Township of Moorestown · NJ

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Performance guarantee reduction from $940,777.45 to $282,233.23; cash release of $65,854.22
Contract type
CONSTRUCTION
Renewal
Remaining performance bond of $254,009.90 and cash of $28,223.33 continue to secure completion of outstanding improvements; future reductions or final release will depend on additional inspections and Council action.
Document type
AgendaPacket
Source document
Moorestown Township Council Agenda Packet 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Township of Moorestown?

D.r. Horton Inc was awarded this construction contract by Township of Moorestown, as recorded on August 10, 2026. The contract value is Performance guarantee reduction from $940,777.45 to $282,233.23; cash release of $65,854.22.

How much is the D.r. Horton Inc contract with Township of Moorestown worth?

The D.r. Horton Inc contract with Township of Moorestown is valued at Performance guarantee reduction from $940,777.45 to $282,233.23; cash release of $65,854.22, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Moorestown Township Council Agenda Packet 2026-08-10 (AgendaPacket), dated August 10, 2026 from Township of Moorestown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does D.r. Horton Inc hold?

D.r. Horton Inc 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 Moorestown currently buying?

Explore Township of Moorestown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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