Reduction and Extension requests must comply with Section 130.03 of the Design and Constructions Standards Manual (DCSM) and Section 4.07 of the Administrative Procedures Section of the DCSM.
Thirty percent (30%) of the bonded improvements must be completed before any Performance Bond reduction request will be processed [Section 4.07.4(2)]. The maximum reduction(s) for the Performance Bond cannot exceed ninety percent (90%) of the original amount. Generally, at least fifty percent (50%) of the project should be completed for the first extension request, and eighty-five percent for the second request [Section 4.07.3(D)(1)].
Siltation and Erosion Control Escrows may be permitted a reduction(s) provided work has satisfactorily progressed to the stage where sufficient escrow remains to ensure the installation, maintenance, and performance of erosion and sediment control measures. The maximum reduction(s) for the Siltation and Erosion Control Escrow cannot exceed seventy-five percent (75%) of the original amount.
Landscape Escrows may be permitted a reduction provided work has satisfactorily progressed to the stage that all required landscaping items are installed and thriving upon the determination of the County Site Inspectors. If a project is deemed eligible for a Landscape Escrow reduction a one-time fifty percent (50%) reduction will be allowed.
The County may accept up to three (3) reduction requests in any twelve (12) month period. Requests for bond and escrow reduction will not be processed if there are unresolved site violations.
All Extension and/or Reduction requests must be submitted in accordance with the most current
Bond and Escrow Extension and/or Reduction Instructions.
Effective June 1, 2016 the
Extension and/or Reduction Worksheet has been updated. To facilitate review of the extension and/or reduction request, an "Original Bond Quantity" column was added to the worksheet. The Original Bond Quantity column is to be used for items from the Unit Price List (UPL) of the approved plan, approved plan revisions and pavement redesigns (as noted on page 1 of the worksheet).