Bidding for projects, or need a bond to start one? We've got you covered for any bid, performance & payment bonds you need.
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Surety bonds written by the most trusted names in the industry
Note: SuretyNow provides bid bonds for free! Fill an application or give us a call today.
A Bid Bond is a type of construction surety bond required during the bidding process on public and some private projects. It guarantees that if a contractor is awarded the job, they will enter into the contract at the bid price and provide the required performance and payment bonds.
Bid bonds ensure that owners aren’t left scrambling if a winning bidder backs out or refuses to sign. They are commonly required on public projects and increasingly used on private jobs. No bid bond often means no valid bid. It also shows that the contractor is financially vetted and backed by a surety, signaling reliability.
The costs of bid bonds vary agency to agency, but we provide them for free at SuretyNow.
