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Bid Bond

What is a Bid Bond?

A Bid Bond is a type of Contract bond that ensures that a contractor will honor their bid if awarded the contract.

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Purpose

Provides confidence to project owners that contractors provide honest bids and prevents them from backing out. 

Why You Need It

To secure the bidding process and ensure that project owners are protected from financial loss due to non-committed contractors. 

Required Infromation

Contractor’s financial and credit history, project details, and bid amount. 

Bond Cost

Free; the contractor will only pay for the performance and payment bond that they are required to provide if they are the low bidder.  

Get A Bid Bond 

Need a bid bond to secure your next contract? Fill out and submit our contract surety application below! You can save your progress at any point and have the link for the application sent to your email by using the “Save” button. Please fill out as much information as accurately as possible our agents will have all the necessary information to get you the bond you need at the best possible terms!