Bid Bond
Given by a bidder for a supply or construction contract to guarantee that the bidder, if awarded the contract within the time stipulated, will enter into the contract and furnish the prescribed performance bond. Default will ordinarily result in liability for the difference between the amount of the principal’s bid and the bid of the next low bidder who can qualify for the contract. In any event, however, the liability of the surety is limited to the bid bond penalty.
Surety Bond Resources
The Essential Guide to Prevent Risk What is a Notary Bond? Discover the importance of notary bonding, how to get...
Table of Contents Have you ever wondered what a surety bond is and why you might need one? A surety...
Texas Surety Bond Expertise TMD Surety Bonds, a leading provider of surety bonds in Texas, is proud to announce that...
Questions?
Leo semper aliquet conubia nam aenean non iaculis egestas condimentum cursus nascetur, dignissim at imperdiet maecenas dapibus convallis tempus aliquam primis tincidunt faucibus, ultrices potenti quis mattis.