Questions tagged bid-bond

Bid bond: 2 questions across all categories.

2 questions

0 votes0 answers1 views

QuestionWhy does the surety want my personal financial statement and net worth before writing a bid bond?

I'm trying to bid on a county road paving job, NAICS code 237310. It's an Invitation for Bid (IFB) and the deadline is next month. The county...

bid-bond performance-bond construction

Jordan P.asked 5h ago

2 votes2 answers2 views

QuestionWhat is a bid bond, and how do I get one as a contractor who has never bonded before?

We are looking at a county paving project. The IFB requires a bid bond at the bid opening in nine days. I called our insurance agent, and they said...

bid-bond construction county-contracting

Tom B.asked 15h ago