Bond_thru_10.29.24.pdf
PDF 1 MB Posted
- Attached to
- Master Agreement AZ|CTR062095
- Contract number
- CTR062095
- Issued by
- Arizona
About this file
This document is a Continuation Certificate and Renewable Annual Performance Bond issued by Berkley Insurance Company on behalf of Geo Secure Services, LLC for the Arizona Department of Corrections Rehabilitation & Reentry. The bond is associated with RFP BPM004542 and covers a contract for 750 Minimum and Low Custody Contract Beds. The total bond amount is $20,394,375.00, and it continues through October 29, 2024, with the most recent continuation dated September 14, 2023.
The performance bond covers a contract for correctional facility services, specifically for 750 minimum and low custody beds. The bond term began on October 29, 2022, and is renewable annually at the Surety's discretion. The document stipulates that in the event of a default by Geo Secure Services, the Surety will be liable only for actual excess costs of the contract up to the bond's termination. The bond includes provisions for extension and limits the Surety's cumulative liability to the specified bond amount, with no coverage for indirect losses or additional costs such as legal fees.
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Text version
CONTINUATION CERTIFICATE
The Berkley Insurance Company (hereinafter called the Surety) hereby continues in force its Bond No. 0248649 in the sum of Twenty Million Three Hundred Ninety Four Thousand Three Hundred Seventy Five Dollars and 00/100 ($20,394,375.00) Dollars, on behalf of Geo Secure Services, LLC in favor of Arizona Department of Corrections Rehabilitation & Reentry for RFP BPM004542 for 750 Minimum and Low Custody Contract Beds subject to all the conditions and terms thereof through 29th Day of October, 2024 at location of risk.
This Continuation is executed upon the express condition that the Surety’s liability shall not be cumulative and shall be limited at all times by the amount of the penalty stated in the bond.
IN WITNESS WHEREOF, the Surety has caused this instrument to be signed by its duly authorized Attorney-in-Fact and its corporate seal to be hereto affixed this 14th Day of September, 2023.
Berkley Insurance Company Surety
BY:
James I. Moore, Attorney-in-Fact
James I. Moore
Geo Secure Services, LLC HUB International Midwest Limited Downers Grove, IL
Arizona Department of Corrections Rehabilitation & Reentry
September 202314th
0248649
File details come from the government source that posted it. Updated .