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Bid Bond

Bid Bond

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Who Requires the Bid Bond and Why Is It Needed?

A bid bond is type of contract surety bond required by contractors when submitting proposals for construction projects. The bond helps provide a guarantee to the project owner that the winning bidder has the intent and wherewithal to undertake the contract under agreed upon terms. If the contractor defaults on this promise, the project owner may file a claim to recoup the cost differential associated with accepting a secondary bid.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Texas Bid Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

List of Texas surety bonds.

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