The City of Ridgefield has awarded a contract to Lakeside Industries, Inc. for the improvement of South Royle Road between S Hillhurst Road and S 19th St. The work will consist of grind and inlay and areas of base repair as needed, as well as roadway striping. The contract has a duration of 57 days and a value of $150,100. The city has also obtained a payment bond and a performance bond from the contractor to ensure that the work is completed in accordance with the contract terms.
• The contract includes a payment bond to ensure that the contractor pays all workers, laborers, mechanics, and materialmen.
• The contract includes a performance bond to ensure that the contractor completes the work in accordance with the contract terms.
• The city has the right to terminate the contract if the contractor fails to perform.
• The contractor is required to indemnify and save harmless the city, its officers, and agents against any claims or damages.