PROJECT:
Nashville Metro Regional Transit Facility - Contract #2026-B
BOND NUMBER:
BND-98442-TN
TO OWNER:
Metropolitan Transit Authority
CONTRACT DATE:
August 15, 2025
CONTRACTOR / PRINCIPAL:
Hardaway Construction Corp.
BOND PENAL SUM:
$12,500,000.00
In accordance with the provisions of the Contract between the Owner and the Contractor as indicated above, the:
Travelers Casualty and Surety Company of America
on bond of Hardaway Construction Corp., Contractor, hereby approves of the final payment to the Contractor, and agrees that final payment to the Contractor shall not relieve the Surety of any of its obligations to the Metropolitan Transit Authority, Owner, as set forth in said Surety's bond.
CONSENTED RETAINAGE ADJUSTMENT:
Current Retainage Withheld:
$350,000.00
Authorized Reduced Retainage:
$175,000.00
IN WITNESS WHEREOF, the Surety has hereunto set its hand and seal on the execution date designated below.
SURETY COMPANY:
Travelers Casualty and Surety Company of America
Elizabeth Vance
Elizabeth Vance, Resident Agent
Title: Attorney-in-Fact
Date: September 23, 2026
SURETY
SEAL
Attach Certified Copy of Power of Attorney
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