2-[Demolition of Parcels 7-12895 and 12898] 2- Bid Security.pdf

This document is an Arizona Statutory Bid Bond for Construction executed pursuant to Titles 28, 34, and 41 of the Arizona Revised Statutes. The bond involves Breinholt Contracting Co., Inc. as Principal, Merchants Bonding Company Mutual as Surety, and the Arizona Department of Transportation as Obligee. The bond is issued with a penalty amount equal to 10% of the contract bid amount. The surety is authorized through Breinholt Anderson Insurance Consultants, LLC, with principal offices located in Des Moines, Iowa, and holds a certificate of authority to conduct business in Arizona issued by the Director of the Department of Insurance.

The bond secures a bid submission for Project No. BPM007121, Demolition of Parcels 7-12895 & 7-12898, with a bid amount of $35,000. The bond guarantees the Principal's faithful performance of the contract, prompt payment of labor and materials, and compliance with all contract terms and specifications. The bond penalty is set at $3,500, representing 10% of the bid amount. The bond was executed on October 1, 2025, and remains in full force and effect in accordance with Section 34-201 of the Arizona Revised Statutes. The document includes executed signatures from authorized representatives of both the Principal and Surety, along with notarization by a commissioned notary public.