License Permit Bid
Step 1 of 3
Start your bond application
Three fields, then we confirm your bond. No underwriting call.
Bond selected
License Permit Bid
Amount
$0.00
Obligee
Bid
Description
A bid bond guarantees the obligee that the principal will be able to obtain a Performance and Payment bond, if they are awarded the contract. The bid bond amount is usually 10% of the finale contract price. Obligee's like bid bonds because they help qualify the contractor. If a performance bond is not obtained in, a timely manner after the bidder was awarded the contract the project will be awarded to the next lowest bidder.
Secure. Compliant. Built for trust.
