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Commissioners approve performance and payment bonds for Canyon Road reconstruction
Summary
Tippecanoe County approved performance and payment bonds from Milestone Construction matching the bid amount for the County Road 500 East (Canyon Road) reconstruction project.
Tippecanoe County commissioners approved performance and payment bonds from Milestone Construction for the County Road 500 East (Canyon Road) reconstruction project, the board reported.
A county official said both bonds equal the bid amount of $3,775,140. The bonds are required under the contract to guarantee performance and payment to subcontractors and suppliers.
A commissioner moved and a second was recorded; the motion to accept the bonds passed on a voice vote. The transcript did not record individual roll-call votes.
County staff noted the bonds correspond to the previously awarded bid for that reconstruction project; no schedule or funding breakdown was discussed in the public meeting.
