Exhibit_N_O.pdf
PDF 334 KB Posted
- Attached to
- Master Agreement AZ|CTR079530
- Contract number
- CTR079530
- Issued by
- Arizona
About this file
This document is an Arizona Statutory Payment and Performance Bond issued by K&G Construction, Inc. (the Principal) and Travelers Casualty and Surety Company of America (the Surety), a corporation organized under the laws of Connecticut. The bond is associated with a solicitation for the ADVS-Sierra Vista-Southern Arizona Veterans' Memorial Cemetery Expansion project, with a total bond amount of $2,070,579.70. The bond is executed pursuant to Titles 28, 34, and 41 of the Arizona Revised Statutes and provides legal guarantees for the construction project.
The bond covers the construction of the Southern Arizona Veterans' Memorial Cemetery Expansion, with K&G Construction responsible for furnishing all materials, supplies, tools, equipment, labor, and services necessary for the project's completion. The document stipulates that the Principal must promptly pay all monies due to persons supplying labor or materials, and faithfully perform all contract undertakings, covenants, terms, and conditions during the original contract term and any extensions. The bond ensures 100% coverage of the contract amount, with provisions for legal recourse and recovery of reasonable attorney fees in the event of a suit.
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