Contract Completion Letter Travelers - UV Disinfection ImprovementsEstimate
Date
4/5/2017
Estimate #
17-079
Name / Address
ESI inc.
12400 W Overland Rd
Boise, ID 83709
Terms
in full upon completion
Project
S. Construction Road Repair
Signature (Sign and Print Name)
Customer Phone
208-813-0138
Customer Fax
Permits, testing, engineering, surveying, and/or any other work not
specifically defined in this estimate is not included in total price.
All material is guaranteed to be as specifed. All work to be completed in a
workmanlike manner according to standard practices. Any alteration or
deviation from above specifications involving extra costs will be executed
only upon written orders, and will become an extra charge over and
above the estimate. All agreements contingent upon strikes, accidents or
delays beyond our control. Our workers are fully covered by Workman's
Compensation Insurance.
Acceptance of Proposal - The above prices,
specifications and conditions are sastisfactory and are
hereby accepted. You are authorized to do the work as
specifed. Payment will be made as outlined above.
This proposal may be withdrawn by us if not
accepted within 15 days.
Description Total
Excavate to sub-grade and haul off excavated material. Compact, before adding 8 inches of pit
run, fine grade, wet and compact. Place 4 inches of 3/4 inch road mix. Fine grade, wet and
compact, then furnish, haul, place and compact 3" Class I PG58-28 compound A.C. mat over
approximately 3924 sq. ft. Includes all necessary sawcutting.
15,696.00
_____________________________________
TRAVELERf 31650 6th Avenue So.
Suite 200
Federal Way, WA 98003
John Fouhy
Claim Counsel
Bond & Specialty lnsurance Claim
Phone: (253) 943-5806
Fax: (866) 842-9201
Email: jfouhy@travelers.com
June 7, 2017
Keith Watts
City of Meridian
33 East Idaho Avenue
Meridian, ID 83642
Re:Surety:
File No.:
Bond No
Principal
Obligee:
Proj ect:
Travelers Casualty and Surety Company of America
T1703494
106181573
Performance Systems Inc.
City of Meridian
Meridian UV Disinfection Improvements - Project 10055.A
Mr. Watts:
This letter is written regarding the above referenced project, and the intent ofthe City of Meridian
("Obligee" ) to complete this project.
Travelers Casualty and Surety Company of America ("Surety") and Obligee agree to the following
terms:
l. Obligee contracted with Performance Systems, Inc. ("PSI") for work on the above-
referenc€d project.
2. Surety issued performance and payment bonds for this project naming the City of
Meridian as Obligee.
3. On March 23, 2017, PSI defaulted on the above-referenced contract
4. Surety has paid $51,059.90 to subcontractors to date under the palment bond for work
completed by Subcontractors but not paid for by PSL
5. The remaining contract balance is $12,758.66. Obligee also currently holds $14,837.69 in
retainage.
6. Surety and Obligee are in receipt of a quote from Hazel Asphalt, attached, to complete all
remaining work on the project for $15,696.00.
7. Obligee hereby agrees to complete the contract utilizing Hazel Asphalt's quote and the
remaining contract fu nds.
8. Obligee agrees to release the remaining retainage in the amount of $l 1,900.35 to Surety
upon completion of the remaining work.
**t+,1**ri***r****+****** Our toll-fiee number is 800-842-8496 **t:Ir'r'*********'t:*:*:l'I*'Itlt
Itpossible, please serd futurE communications and docunents concerning lhis clarm via email to Jfouh},1@u'avekrs.com. Please include lhe
claim nunber in he subject line. (Please note that in certain cases we may strll Equesl original documents).
Travelers
June 7, 2017
Pawn 'l
9. Surety's performance bond shall remain in effect to cover PSI's warranty obligations in
Obligee's contract with PSI. Obligee must contact Surety and make a performance bond
claim for any warranty issue that arises.
10. Surety's obligations under the performance bond, this agreement, or Obligee's contract
with PSI, should any arise, are limited to the penal sum of its performance bond,
By signing this agreement below, each party consents and agrees to the terms contained herein.
Sincerely,
John M.Fouhy
Claim Counsel
CITY OF MERIDIAN
June ,2017
7a ___
By: T6LJee�
Its: A 0 Dr _ and
lawfully authorized representative.
TRAVELERS CASUALTY AND SURETY
COMPANY OF AMERICA
June 7th , 2017
a--
Ey: hn j Foully
Its: Claim Counsel and
lawfully authorized representative.
Our toll-free number is 800-842-8496 *****+***************+**
If possible, please send future communications and documents concerning this claim via email to jfouhyt<ytmvelers.com Please include the
claim number in the subject line. (Please note that in certain eases we may still request original documents),
Ren I1 IWO C-03