OTHERAPPROVED

Dermody Properties Performance Guarantee Accepted By Township

Southampton Township accepted a performance guarantee from Dermody Properties for Phase 1 improvements on Block 403, Lots 12.01, 12.03, and 12.04. The guarantee includes a performance bond, cash performance deposit, and inspection escrow to secure completion and maintenance of required public improvements.

Document date · September 15, 2026

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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 bond $261,861.19; cash performance guarantee $29,095.69; inspection escrow $317,369.75
Contract type
OTHER
Renewal
Resolution specifies that upon release of the performance guarantee, a maintenance bond must be posted to assure ongoing maintenance of the project; specific duration of the maintenance bond is not provided.
Document type
AgendaPacket
Source document
Township of Southampton AgendaPacket Municipal Document 2026-09-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Township of Southampton?

Dermody Properties was awarded this government contract by Township of Southampton, as recorded on September 15, 2026. The contract value is Performance bond $261,861.19; cash performance guarantee $29,095.69; inspection escrow $317,369.75.

How much is the Dermody Properties contract with Township of Southampton worth?

The Dermody Properties contract with Township of Southampton is valued at Performance bond $261,861.19; cash performance guarantee $29,095.69; inspection escrow $317,369.75.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Township of Southampton AgendaPacket Municipal Document 2026-09-15 (AgendaPacket), dated September 15, 2026 from Township of Southampton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dermody Properties hold?

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