Bid Bond description

Bid Bond

What is a Bid Bond?

A bid bond is a guarantee that the bonding company will provide a performance bond to the principal, if they are awarded the contract. A claim can arise if the bonding company refuses to write the performance bond, which is why the surety will underwrite bid bonds with the same caution as they do for performance bonds. In other words, the surety will not approve a bid bond, if they are not going to approve the performance bond.

Apply Now

For Contractors - To obtain a contract bond or bond line start here. We'll do a quick review and let you know what additional information we will need. Click Here to apply or Click Here to learn more about Contract Bonds.

Pay My Bill

For Businesses & Individuals - To obtain a license, permit or misc. bond start here. We'll do a quick review and let you know what additional information we will need. POOR CREDIT IS NO PROBLEM! Click here to apply.

What is Surety Bond

For Businesses - To help you obtain the fidelity bond you need start here. We'll do a quick review and let you know if we can write your bond, the approximate rate, and what additional information we will need. Click here to apply.

Poor Credit? No Problem!

For Agents & Brokers - The Bond Agency offers its bond markets and expertise to Agents and Brokers. We can help you place bonds for your contractor and business clients. Click Here to access our Agents and Brokers page.