Bid Bonds

What is a bid bond? A bid bond is a specific kind of construction bond that serves the purpose of protecting the owner or developer throughout the bidding process for a building project. In most cases, there are three participants involved in a bid bond: the obligee, the principal, and the surety. The owner or […]

How to get a bid bond? The repercussions and insurances that are represented by a bid bond are serious business, but obtaining a bid bond is not nearly as tough or as expensive as it may seem at first. A bid bond should not be too difficult to secure for a general contractor as long