Bid Bonds are typically five to ten percentages of the contract amount. The bid bond guarantees the Obligee the contactor and surety will provide the required Performance & Payment Bonds if contractor is awarded the job.
The Contract Surety Application is used to apply for contract bonds, such as:
- Performance and Payment Bonds
- Bid Bonds
- Maintenance Bonds
- Service Contracts
- Supply Bonds
Our application gives you the ability to get a “Ballpark” quote with just a few questions or fill out the full application to get full approval. Get Started