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

**As of May 17, 2024, Project has been awarded. Award amount is $381,976.40** The project shall generally consist of the certain roadway improvements to North Street, West Street & Bruce Place in Rumson Borough, including; roadway base repair, HMA milling, curb construction, sidewalk construction, HMA resurfacing, turf restoration and incidental construction. The right is reserved to reject any or all bids if it is deemed to be in the best interest of the Borough of Rumson to do so. The right is also reserved to increase or decrease the quantities specified, in the manner designated in the specifications. Bids must be accompanied by an agreement of surety (consent of surety) furnished by only those sureties who meet the requirements set forth in N.J.S.A. 2A:44-143, wherein the surety company agrees to post a performance bond of 100% of the awarded amount, and a payment bond of 100% of the awarded amount, if the contract is awarded in principle. The aggregate sum of both bonds shall therefore equal 200% of the total contract price. A further guaranty (surety) accompanying all bids shall be given in the amount of ten percent (10%) of the bid, but not in excess of twenty thousand dollars ($20,000.00) made payable to the Borough of Rumson and shall be given in the form of a Certified Check, Cashier's Check or Bid Bond from a reputable insurance company. THIS 10% GUARANTY IS MANDATORY.

Award

Roads / Highways

$381,976.00

Public - City

Paving, Site Work

12

7

3

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May 7, 2024

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Multiple Locations, Rumson, NJ

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