4.3.4.7 Little Miller Act Performance Bonds
| Jurisdiction | Arizona |
On or before the execution of a contract for the construction, alteration, or repair of a public building or other public work, the prime contractor must furnish performance and payment bonds in an amount equal to the full contract price. The performance bond is conditioned upon the faithful performance of the contract in accordance with the plans, specifications, and conditions. The performance bond is for the protection of the public body awarding the contract and the terms and conditions of the bond must be as set forth in A.R.S. § 34-222(G).
For job-order-contracting construction...
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