CTR078665 - Payment Bond.pdf

The documents are payment and performance bonds issued by the Arizona Department of Transportation for a construction project. The principal party is MP Environmental Services, Inc., with The Ohio Casualty Insurance Company serving as the surety. The bonds are statutory bonds pursuant to Titles 28, 34, and 41 of the Arizona Revised Statutes, with the insurance company organized under the laws of New Hampshire and headquartered in Keene, New Hampshire. The bonds are associated with INSURICA Southwest Insurance Services, LLC, located in Phoenix, Arizona.

The specific project involves the demolition of Right of Way Parcels 7-12414 and 7-12373, with a total bond amount of $50,000. The bonds ensure that MP Environmental Services, Inc. will promptly pay all monies due to labor and material suppliers and faithfully perform all contract undertakings. The bonds are valid through September 11, 2025, and provide legal protections typical of construction contract bonds, including provisions for attorney fees and compliance with state statutory requirements. The solicitation number for this contract is BPM007066, and additional contract details are available online at https://procure.az.gov/bso/.