What is a Bid Bond?


What is a Bid Bond?

Welcome to our 2 part tutorial on Bid Bonds. Bid bonds are not an insurance policy, it is a written guaranty from a third party guarantor usually a Surety Company. This Guaranty is submitted to a Project Owner by a contractor for a work they are bidding on.

Questions? Contact our specialist Tom at 312-878-2372 or email at tom@farmerbrown.com

Watch Part 2 – What can I do if my credit score is below 700?