Bid Bond and Performance Bond Provider
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The contract requires a provider to supply a bid bond of up to $3 million and full 100 percent performance and payment bonds on behalf of the prime contractor for a federal project governed by Davis-Bacon Act requirements and other federal mandates. The subcontract is part of a Total Small Business Set-Aside, meaning only small businesses as defined by the SBA are eligible to bid, and it is classified under NAICS code 533110, which pertains to surety bonding and related financial guarantee services. The work is performance-based with the designated place of performance located in Colts Neck, New Jersey, at ZIP code 07722. The contracting activity falls under the Department of Defense via Navfacsyscom Mid-Atlantic, and the provider must ensure compliance with all federal bonding standards, including timely issuance and adherence to regulatory frameworks applicable to federally funded construction projects.
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Colts Neck, NJ, 07722, USASet-Aside
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