developer policy manual - Grand Strand Water and Sewer Authority

SERVICE AUTHORIZATION AND FINAL ACCEPTANCE
CHAPTER FOUR
4.2 MAINTENANCE BOND
In the event a developer wishes to obtain service authorization from the Authority
for the project prior to the completion of all punch list items noted by the
Authority during the final inspection and/or if paving, ditching, installation or
other utilities or any other activities which may harm the water and/or sewer
systems remain, a maintenance bond shall be posted until such time as the punch
list and/or other construction activities have been satisfactorily completed and
approved by the Authority. The maintenance bond can be either certified check,
cash or by letter of credit from an acceptable financial institution, and shall be for
ten (10%) per cent or as deemed necessary by the Authority of the certified cost
of the water and/or sewer system constructed for the project as certified by the
project engineer.
The maintenance bond must remain in effect until all punch list items, all other
construction, and the revised as-builts are completed, if necessary, and approved
by the Authority.
4.2.1 FOLLOW-UP INSPECTION
The project engineer shall be responsible for coordinating a follow up
inspection with the project inspector to be attended by the project
engineer, contractor, Authority inspector and Authority operations
personnel. Upon completion of the inspection, the Authority's inspector
will determine if all punch list and/or other work has been satisfactorily
completed. Should the project inspector approve the release of the
maintenance bond, he will authorize the New Services Department to
proceed with the release of the maintenance bond without interest.
In the event that punch list items are not completed within a reasonable
time after a project has been approved for operation, or if the developer
has failed to renew the letter of credit as requested by the Authority, the
developer will be notified via mail at least five (5) working days, giving
notice that the process to exercise the bond in order to complete the punch
list is to commence. Failure by the developer to complete a project punch
list in a reasonable time may jeopardize service requests within the
development until the punch list is completed.
4.3 SERVICE AUTHORIZATION
Service authorization can be issued by the New Services Department upon receipt
of all required documents from the engineer, contractor, developer, and agencies
as set forth below for the water and/or sewer systems constructed. All
documentation should be submitted to the attention of the New Services
Grand Strand Water and Sewer Authority July 2009 Service Authorization and Final Acceptance
Developer Policy Manual Page 33