Bid Bond
Fast approvals. Lowest rates. Guaranteed bid integrity. Licensed nationwide. A-rated surety partners.
Start Your ApplicationWhat Is a Bid Bond?
A bid bond is a construction surety bond required when submitting a bid on a public or private construction project. The bond guarantees that if the contractor is awarded the contract, they will enter into the agreement and provide the required performance and payment bonds. If the contractor fails to honor their bid, the project owner can file a claim against the bond.
Bid bonds protect project owners from contractors who submit bids in bad faith or are unable to secure the necessary bonding to complete the project.
What Does a Bid Bond Guarantee?
A bid bond typically covers the difference between the winning bid and the next-lowest qualified bid if the awarded contractor fails to proceed.
Bid Integrity
Guarantees the bid was submitted in good faith and can be honored.
Contract Entry
Guarantees the contractor will sign the contract if awarded the project.
Follow-On Bonding
Guarantees the contractor can obtain the required performance and payment bonds.
Who Needs a Bid Bond?
You likely need a bid bond if you are:
How the Process Works
Complete the Application
Submit our fully automated application with your bid and project details.
Get Matched Instantly
Our system matches you with the best rate available from A-rated sureties.
Receive Your Bond
Fast digital delivery, ready to submit with your bid package.
Why Choose Us for Your Bid Bond
Frequently Asked Questions
How much does a bid bond cost?
Cost depends on the bid amount, your credit profile, and financial strength. Rates are typically a small percentage of the bond amount.
What happens if I withdraw my bid?
If you withdraw your bid after submission or fail to enter into the contract when awarded, the project owner can file a claim against the bond.
How fast can I get bonded?
Our automated application matches you with a surety instantly, with digital bond delivery available the same day for qualifying applicants.
Do I need a bid bond for private projects?
Bid bonds are standard on most public projects and are often required by private project owners for larger contracts as well.