City of Los Angeles Bid Bonds
Bid Bonds for Contractors Working in the City of Los Angeles
When a notice inviting bids is let out, the requirements a contractor must meet will be outlined, including bid security requirements if applicable. A bid bond is a form of bid security required in most public construction projects with a value exceeding $25,000.
These bonds protect project owners, such as the city of Los Angeles, by discouraging unqualified bidders. The bid bond guarantees that the bidder will compensate the project owner if the bidder fails to enter into the contract upon being awarded it. It also ensures that the contractors will provide the required performance and payment bonds if awarded the contract.
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How to Acquire a Bid Bond in the City of Los Angeles
According to the Los Angeles Charter and Administrative Code, bid bonds are required for competitively bid contracts.
When a contractor is awarded a contract, they must provide a performance bond within 30 days or a lesser period of time if specified by the contracting authority.
How to Acquire a Bid Bond in the City of Los Angeles
Here are the general steps for obtaining a bid bond:
Reach out to a surety agent.
A surety agent with local expertise will be able to advise you on what sureties will require in order to qualify you for the projects you are looking for.
Provide the needed information.
The amount of information required will vary based on the size of the bond. To determine your eligibility for a bid bond, the surety company will evaluate your credit score, the financial strength of your company, and your project history.
The CSBA Difference.
While other agents may simply gather information, at CSBA we take the time to understand your unique business and financial circumstances, providing personalized guidance to help you secure the bid bonds you need.
*Verify any requirements with the federal, state, or local agency directly and read our disclaimer.
Why Work with CSBA for Your Bid Bond Needs in the City of Los Angeles
Since 1984, CSBA has been the trusted surety bond agency for contractors bidding work in the City. As one of the largest locally owned agencies specializing in surety bonds, we have over 225 years of combined experience from our surety underwriters and agents, and have served more than 300 construction companies of all sizes.
Our personalized support guides you through every step — from meeting bid bond requirements to securing payment and performance bonds. With competitive rates and a quick turnaround, our local expertise enables us to empower contractors to expand their bonding capacity and business. Contact us today to receive a complimentary quote.
Ready to win your next project in the City of Los Angeles?
Align with the experts at CSBA and let us help you build your business, one successful project at a time.
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