Homolovi_Payment_and_Performance_Bonds_012125__1_.pdf

This document is an Arizona Statutory Performance Bond and Payment Bond for the Homolovi Ruins State Park - Waste Water System Project (Project No.: PCS-22-124). The bond involves Standard Construction Company, Inc. as the Principal and The Ohio Casualty Insurance Company as the Surety, with Paffenbarger & Walden LLC serving as the Agency of Record. The bond is executed pursuant to Titles 28, 34, and 41 of the Arizona Revised Statutes and is held by the State of Arizona, with the insurance company organized under the laws of New Hampshire and headquartered in Boston, MA.

The bond covers a construction contract for furnishing materials, supplies, tools, equipment, labor, and other services necessary for the construction and completion of the Homolovi Ruins State Park Waste Water System project. The total bond amount is $2,789,375.12, which represents 100% of the contract amount. The bond ensures that the Principal will faithfully perform all contract undertakings, including the original contract term and any extensions, and will pay all monies due to persons supplying labor or materials. The contract includes provisions for performance guarantees and allows for potential contract modifications, with the bond remaining in full force unless specific notice of modifications is provided to the surety.