Contract bond

Bid bonds.

A bid bond is a guarantee you submit with your bid. It tells the project owner that if you win, you'll sign the contract at your bid price and provide the performance and payment bonds the contract requires. If you walk away, the surety pays the owner's loss up to the bond amount, and you repay the surety.

Find your state

You need this bond if you're

  • A general contractor bidding public works
  • A subcontractor whose general contractor asks for bid security
  • A contractor bidding a private job where the owner asks for one
  • A design-build team bidding a public project

What the surety looks at

Your business details, credit, experience and the job you're bidding. Larger jobs can also need financial statements and a list of work in progress.

By state

Bid bonds by state.

Federal bid bondAlabama bid bondAlaska bid bondArizona bid bondArkansas bid bondCalifornia bid bondColorado bid bondConnecticut bid bondDelaware bid bondDistrict of Columbia bid bondFlorida bid bondGeorgia bid bondHawaii bid bondIdaho bid bondIllinois bid bondIndiana bid bondIowa bid bondKansas bid bondKentucky bid bondLouisiana bid bondMaine bid bondMaryland bid bondMassachusetts bid bondMichigan bid bondMinnesota bid bondMississippi bid bondMissouri bid bondMontana bid bondNebraska bid bondNevada bid bondNew Hampshire bid bondNew Jersey bid bondNew Mexico bid bondNew York bid bondNorth Carolina bid bondNorth Dakota bid bondOhio bid bondOklahoma bid bondOregon bid bondPennsylvania bid bondRhode Island bid bondSouth Carolina bid bondSouth Dakota bid bondTennessee bid bondTexas bid bondUtah bid bondVermont bid bondVirginia bid bondWashington bid bondWest Virginia bid bondWisconsin bid bondWyoming bid bond
FAQs

Common questions.

Can I use a check instead of a bid bond?

Many public owners also accept a certified or cashier's check as bid security. The bid documents list what's accepted. A bond keeps your cash free for the job.

What happens after I win?

The bid bond ends once you sign the contract and deliver the performance and payment bonds. The same application can prequalify you for those bonds.

What does it cost?

You pay a premium, not the bond amount. The surety sets the premium after it reviews your application, usually as a percentage of the bond amount. We show you the terms before you commit.

How do I get one through BLDAssure?

Apply once with us. We collect the details the surety needs, Propeller Bonds (our surety partner) reviews the application and issues the bond, and we help you file it with whoever requires it.

Get prequalified for your next bond.

One application, reviewed by our surety partner Propeller. We show you the terms before you commit.

All surety bonds

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