6-Doc 00 65 19.19 Consent of Surety.pdf

This is a Consent of Surety to Final Payment document executed between Montgomery Township, Pennsylvania (Owner) and an unnamed contractor for Contract 2022-01256.01 related to Whistlestop Park improvements. The document serves as formal authorization from the surety company to approve final payment to the contractor, contingent upon the surety's examination of the contractor's books and records or receipt of an affidavit confirming that all labor and material claims have been satisfactorily settled. The surety company, by executing this consent, acknowledges that final payment to the contractor does not relieve the surety of any obligations under the Performance and Payment Bonds as set forth in the contract documents. The document requires completion with specific details including the contractor's name and address, surety company name, the date of execution, and the signature of an authorized company representative (President, Vice President, or person holding delegated authority evidenced by a current certificate of authority).

The Whistlestop Park project encompasses rehabilitation of a softball field, construction of perimeter fencing for a new playground, installation of pickleball courts, a loop trail, stormwater management basins, landscaping, and associated features. The contract requires a 10% bid bond, 100% Performance and Payment Bonds, and a 15% Maintenance Bond upon award. The project is subject to Pennsylvania Prevailing Wage Act (Act 422) and Public Works Employment Verification Act (Act 127) requirements. Final bid submission was scheduled for April 30, 2026 at 10:00 AM via PennBid, with bids remaining subject to acceptance for sixty days following the opening date.