Bid Bonds
Bid bonds are a type of tender security which works as a deterrence to contractors from withdrawing
their submitted bids for tenders.
They are purchased when a contractor is bidding on a tendered contract. They are required during the bidding process to assure a client that a contractor will adhere to the bid they are proposing or else risk legal action.
Meet requirements
A requirement of significant tenders is that you have a bid bond.
Minimal Risk
The risk is minimal with this type of Bond as there is no financial obligation involved.
Cost Effective
Bid Bonds are preferred because they are a less expensive option and they do not tie up cash or bank credit lines during the bidding process.
Features
Genuine
Our Bid Bonds reputable.
Quick Processing
Processed within 1 hour
