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Lead Closed

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ParamusRed Risk
Closed
General

Farview and Midland Avenue Intersection

BID #: N/A
ISSUED: 4/10/2026
DUE: 5/13/2026
VALUE: TBD
65
Rating

Risk Rank

Red Risk

AI-Powered Lead Insights

Executive Summary

The Borough of Paramus is seeking bids for the Farview and Midland Avenue Intersection project. This project includes traffic signal improvements, removal of the median, road widening, milling and resurfacing of the intersection, upgrading ADA curb ramps, and sidewalk and driveway improvements. Bids are due by May 13, 2026, at 11:00 AM, and must include a bid bond of 10% of the bid amount, not exceeding $20,000.

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

3 CLAUSES FOUND
"...shall furnish and deliver to the Owner a performance and payment bond in the amount of 100 percent of the accepted bid amount as security for the faithful performance and payment of the Contract. Further, the successful bidder must furnish the policies or Certificates of Insurance required by the Contract. In de..."

liquidated damages

Evidence Detected

1 CLAUSES FOUND
"...Insurance required by the Contract. In default thereof, said checks and the amount represented thereby will be forfeited to the aforesaid Owner as liquidated damages. Bids must be accompanied, in the case of corporations not chartered in New Jersey, by proper certificate that such corporation is authorized to d..."

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Contacts

Annemarie Krusznis

Borough Clerk

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Timeline

First Discovered

Apr 12, 2026

Last Info Update

May 14, 2026

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