Bid Bonds

Bid bonds guarantee that a contractor that is awarded a contract subsequently enters into the contract and also provides any required performance and payment bonds. The amount of a bid bond is usually a certain percentage of the price of the contract. Qualification for a bid bond demonstrates to the project owner that the contractor should be qualified to undertake the project.

Are you a growing contractor?

We have a FastBond program designed for small and emerging contractors, and can provide resources and advice for what is needed to qualify for a standard bond program.

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Questions about contract bonds? We’re here to help.

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