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Site work and paving for a mixed-use development in Monmouth Beach, New Jersey. Completed plans call for site work for a road / highway; for paving for a road / highway; sidewalk / parking lot; sidewalk / parking lot; and water / sewer project.

**As of May 26, 2023, Project has been awarded. Award amount is $379,330.64** The scope of Work contemplated for the named project includes construction of concrete curb, drainage improvements, pavement repair, traffic control and restoration, as well as all other Work of any type or description necessary for contemplation of the Project, whether or not specifically described in these Contract Documents. All Work on this Contract shall be completed within 90 Calendar Days from Notice to Proceed. Bidder is required to submit with the Bid Packet a certified check, cashiers check or Bid Bond in the amount of ten percent (10%) of the total bid amount but not in excess of $20,000 payable unconditionally to the Owner. When submitting a Bid Bond, it shall contain a Power of Attorney for the full amount of the Bid Bond from a surety company authorized to do business in the State of New Jersey and acceptable to the Owner. Failure to submit a Bid Bond shall result in rejection of the Bid Packet. The successful Bidder is required to submit, along with the Contract executed by the Bidder, executed Performance and Payment Bonds in the amount of one hundred percent (100%) of the awarded Bid Proposal as security for the faithful performance of this Contract. The Surety Disclosure Statement and Certification required by N.J.S.A. 2A:44-143 shall be attached to the bonds. The Performance and Payment Bonds shall be in the form as per N.J.S.A. 2A:44-147, in the substantial format of the Contract attached hereto in T H E F O R M S , and will be signed by the successful Bidder and the surety company. The Owner's right to assert a claim under the Performance and Payment Bonds shall expire when the Bonds are released as provided above. The rights of claimants under the payment guarantee provided by the Payment and Performance Bonds shall continue until one (1) year after the Bonds are released. At that time, the Payment and Performance Bonds shall be released, provided all liens or claims have been satisfied and any Maintenance Bond required has been provided and approved by the Owner.

Award

Roads / Highways

$379,331.00

Public - City

Paving, Site Work

11

5

3

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May 11, 2023

June 12, 2023

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Lori Rd, Monmouth Beach, NJ

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