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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
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performance bond
Evidence Detected
"...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
"...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
Jun 4, 2026
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