*Spot for links to specific forms or possible lightbox version of form. Short section, few lines at most to keep page load time minimal.*


What is a Bid Bond?

A Bid Bond is given to a Government Agency or General Contractor, at the time of a bid which guarantees that if the Contractor (Principal) is awarded the contract the Principal will enter into the contract and post the required Performance and Payment Bonds. Bid bonds are typically required only as a percentage of the Principals bid, usually 10%.