If you’re looking to bid on a project or tender that requires a bid bond, you’ve come to the right place! We provide full contract bonding services to our clients for all types of projects. In order to obtain the ability to provide a bid bond, you’ll require what we call a bond facility. Learn more below and apply today!
What is a Bid Bond?
Why do I need a Bid Bond?
Bid Bonds are required by many project owners for substantial sized jobs (usually > $50,000) including private and municipal contracts. From the owners perspective, requesting a bid bond will keep contractors from submitting frivolous bids, because the Bid Bond creates an obligation to perform the job, or forfeit the stated Bid Bond amount should the bidder not be able to proceed with the contract scope.