Exhibit_N___O_-_P_P_Bonds.pdf
PDF 3 MB Posted
- Attached to
- Master Agreement AZ|CTR079528
- Contract number
- CTR079528
- Issued by
- Arizona
About this file
This document is a Performance Bond issued by Merchants National Bonding, Inc., a surety company based in Des Moines, Iowa, for Paradigm Construction Services LLC, a construction services company located in Phoenix, Arizona. The bond is associated with a government contract, with a bond number 101526794, executed on 09/22/2025, and valid through 01/31/2027. The bond is structured under a standard federal form (Standard Form 25) and involves the United States Government as the obligee.
The performance bond covers a specific contract (Contract Number BPM006983) with a penal sum of $618,068.20, which represents the financial guarantee for the principal's contractual performance. The bond premium is $9,681.00, calculated on a tiered rate per thousand dollars. While the specific details of the construction services are not explicitly outlined in the bond document, the instrument ensures that Paradigm Construction Services LLC will perform and fulfill all understanding, covenants, terms, conditions, and agreements of the contract during its original term and any extensions, with Merchants National Bonding, Inc. guaranteeing financial recourse if the contractor fails to meet its obligations.
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