Bidbonds/Performance bond
A bid is a written guarantee from a third party guarantee ( usually a bank or insurance company)
submitted to a principle ( client or customer) by a contractor (bidder) with a bid
A performance bond is issued to one party of a contract as a guarantee against the failure of the
other party to meet obligations specified in the contrct. A performance bond is usually provided
by a bank or an insuarance company to make sure a contractor completes designated projects.
To apply for bidbonds & performance bonds, follow the steps below:
