Bid bonds provide security to the project owner that the bidder will honor their bid to complete the project for the price bid and in accordance with the terms set out in the bid specifications. Once the bid is awarded, the contractor may be required to post Payment & Performance Surety Bonds in the amount of the awarded contract.
What you will need to apply for a Bid Bond:
- -Completed Contract Bond Application
- -Bid Specifications
- Engineers Estimate
- Surety Bond Requirements
- Bid Bond Form (if provided)
- Liquidated Damages
- -For contracts over $250K
- Business Financial Statements
- Personal financial Statements
3 Easy Ways To Apply for your Bid, Payment or Performance Surety Bond:
Call Us at 800-737-4880
EMAIL US to request one of our staff contact you.
Download the Contract Bond Application