2-[Sonoita Rest Area Asphalt and Concrete Demolition] #4 Bid Security.pdf

This document is an Arizona Statutory Bid Bond for Construction issued by the Arizona Department of Transportation, involving Breinholt Contracting Co., Inc. as the Principal and Merchant Bonding Company Mutual as the Surety. The bond is executed pursuant to Titles 28, 34, and 41 of Arizona Revised Statutes, with the principal office of the Surety located in Des Moines, IA, and authorized to transact business in Arizona.

The bid bond is specifically for Project No. BPM007046, a Sonoita Rest Area Concrete and Asphalt Demolition project, with a bid amount of $150,000. The bond ensures that if the bid is accepted, the Principal will enter into a contract with the Obligee and provide the required bonds and insurance certificates. The penalty of the bond is set at 10% of the contract amount, and it guarantees the Principal's performance and payment for labor and materials. The bond is dated for August 8, 2025, and provides legal recourse if the Principal fails to fulfill contract obligations or does not enter into the contract after bid acceptance.