Bid Bond

This bond is required to bid on a public works project and allows the bidder to state important facts about finances and experience. A bid bond is typically free of charge, but once the bid is awarded the bidder will need to provide performance and payment bonds with accompanying fees of 1-3%. For bonds valued at under $400,000, qualification is available based on personal credit. If the bond amount is above $400,000, qualification is based on a combination of credit, capability, and financial capacity. For more information on this bond and how to apply, click here