Bid Bond | Surety Bond

Bid Bond Application

Type of Bond

A bid bond guarantees the obligee that the principal will be able to obtain a Performance and Payment bond, if they are awarded the contract. The bid bond amount is usually 10% of the finale contract price. Obligee's like bid bonds because they help qualify the contractor. If a performance bond is not obtained in, a timely manner after the bidder was awarded the contract the project will be awarded to the next lowest bidder.

Program

Program: Our agency currently has several specialty programs that can help you place your Bid Bond.

Bid Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3%  for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%. 

Always check with the "Obligee" for details

Bid Bond Application

Application

Our application process for a Bid Bond is easy. You can apply for the Bid Bond Application .

Find this bond for another state

Obligee Information

An obligee is the entity that is requiring you to have the Bid.

Here are a few state specific bonds

State	Surety Bond type	Bond Amount	Obligee	More info
License Permit	Bid Bond			License Permit Bid Bond