Bid Bonds
Construction bid bonds are very rarely called. In fact, in our agency’s history, we’ve only seen three bid bond claims. When you consider we issue...
When contractors submit a bid bond request to their surety company, it is often early on in the bid process, and you may not have...
A contractor considering public works may wonder what bid bonds are and if they’re required for all tax-dollar funded projects. Public works can be great...
Even though bid bonds are required by law for construction projects that are funded by tax dollars, it’s still important to understand why it is...
Being that bid bonds are required by law for construction projects using tax dollars, no matter if it’s local, state, or federal, it’s important to...
Bid bonds are a type of surety bond that is required when submitting a bid proposal on a public works project. However, a bid bond...
There are many terms in the construction industry that may seem alien or confusing to a contractor, especially if they’re similar. One good example of...
When a contractor is required to obtain a bid bond, perhaps for the first time, you’ll likely come across information speaking to bid guarantees and...
What a bid bond is, when it’s required, and what the requirements are to get one are all important things to understand as a contractor....
Considering that both bid bonds and performance bonds are essential to the construction industry, it’s important to understand the details of a bid bond vs....