Bid Bonds

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Bid Bond vs Bid Security

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 terms that can confuse is bid bond vs. bid security and what the difference is. Beyond knowing that bid bonds can often be required in order to bid on a …

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Bid Guarantee vs. Bid Bond

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 wonder what the difference is between them and bid bonds. The surety world can be complex, with financial terms and processes that are alien to most contractors. Below you’ll find …

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What California Construction Companies Need To Know About Bid Bonds

COVID-19 presented new challenges for the construction industry in 2020, and 2021 is poised to offer similar hurdles for new business. State and local municipality budgets are slim this year, and competition has increased while the number of available new projects continues to dry up. In years past contractors would be up against 3 or …

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