Bid bonds are among the many types of bonds that Bonding Solutions provides. Bid bonds are required when offering a bid on a bonded project. A bid bond provides security that the bid provided will be honored.
This provides important guarantees to a project owner (private, city, state, or federal) who is trying to stay within a budget on any given project and wants the bidding contractor to honor the bid price. A bid bond is then followed up with a performance and payment bond. Briefly, these bonds guarantee completion of the job and payment to subs and suppliers. Bid bonds ensure that the construction company has the funds to complete the project and that they are serious about doing the job.
Bonding Solutions has a vast amount of experience in the contract bond arena. Our trained professionals can help you to determine the needs of your company, so that you can win those vital bids while protecting both parties. All Surety Bonds is the place to come for surety bonds.
Our ultimate goal is to provide our customers with an easy, fast, and professional experience, thus ensuring their statisfaction. Our performance is guaranteed!