Performance_Bond.pdf

This document is a Renewable Annual Performance Bond issued by Berkeley Insurance Company for Geo Secure Services, LLC, with a bond number of 0247588. The principal (Geo Secure Services, LLC) is located in Greenwich, CT, and the obligee is the Arizona Department of Corrections Rehabilitation & Reentry. The bond covers a specific contract period from July 24, 2022 to July 24, 2023, with the total penal sum of $13,132,700.00.

The performance bond guarantees the principal's fulfillment of a contract with the Arizona Department of Corrections, ensuring that Geo Secure Services will perform all contractual obligations as specified. The bond includes provisions for potential extension for an additional year at the surety's option, and it explicitly states that the surety's liability will not be cumulative and cannot exceed the stated penal sum. The bond provides protection for the obligee in case of default, with the surety having the right to investigate and determine appropriate compensation up to the contract's termination. Key conditions include a six-month window for filing any claims after the bond's expiration and specific limitations on legal actions against the surety.