Annual Bid Bonds – A kind of agreement surety bond made use of as insurance/security to secure an Obligee. These are like routine big bonds, other than the Principal submits them with the Obligee as soon as a year.
« Back to Glossary IndexAnnual Bid Bonds – A kind of agreement surety bond made use of as insurance/security to secure an Obligee. These are like routine big bonds, other than the Principal submits them with the Obligee as soon as a year.
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