Bid Bond Quotes for Contractors

Step 1 of 4

Who are you bidding to?

The bond form depends on who owns the project.

Federal / State / City Public works. Usually requires AIA 310 or Standard Form 24.

Private GC / Developer Commercial projects. Usually requires a specialized bond form.

Unsure / Other I have the bid packet but don't know the form.

Bid opening in less than 24 hours?

Please call us immediately after submitting this form. We can often email a digitally sealed bond within 60 minutes for registered contractors.

Why do I need this to bid?

A Bid Bond is a financial filter. It proves to the project owner that:

Serious Offer: You are not just testing the waters; your price is real.
Bondable: A surety company has already vetted you and promised to issue the Performance Bond if you win.

Step 2 of 4

Personal Credit Score

Soft pull only. We use this to establish your "Bonding Line".

Excellent (700+)

Qualifies for our $0 Bid Bond program (pay only if you win).

Select This

Fair (650 - 699)

Eligible for Fast-Track capacity up to $500k single jobs.

Select This

Under 650 / Issues

SBA Quick-App program available for bid support.

Select This

Step 3 of 4

What is your estimated Bid Price?

We need to know the total contract value you are proposing.

Under
$500k Fast Track

$500k -
$1.5M Mid Market

$1.5M + Large Project

Note: We approve your "Capacity" (e.g., $1 Million). You can then request as many bid letters as you need up to that limit.

Step 4 of 4

Need other contractor coverages?

Ensure you have the insurance required in the bid specs.

General Liability (GL) Required to get on the job site. $1M / $2M Limits.

Builders Risk Covers the structure/materials during construction (fire, theft).

Workers Comp Mandatory for employees. "If any" policies available.

How "The Gap" Penalty Works

If you win the bid but refuse to sign the contract (perhaps because you miscalculated your costs), the Project Owner is damaged. They must then hire the next lowest bidder.

The Bid Bond covers the difference:

Your Bid: $100,000

Next Lowest Bid: $110,000

Bond Penalty (The Gap): $10,000

The surety pays this $10,000 to the owner, and you reimburse the surety.

Bid Security

Tendering Pre-Qualification

Apply Now

How much does a Bid Bond cost?

Unlike insurance, Bid Bonds are inexpensive because they lead to the final Performance Bond.

Preferred Clients

Free

$0.00

If you have an established bonding line with us, individual bid letters are issued free of charge.

Most Common

Annual Service

Flat Fee

$350 / year

Unlimited Bids
Pay one small annual service fee and get unlimited bid bonds for the whole year.

Single Use

Per Bond

$100

Per Project
Just need one bond for one specific job? We offer single-use processing.

Frequently Asked Questions

What is a "Consent of Surety"?

This is a document often attached to the Bid Bond. It is a formal promise from the bonding company that says: "If this contractor wins the bid, we promise to issue the Performance & Payment bonds required."

Can I bid on a job larger than my bonding limit?

Generally, no. We cannot issue a bid bond for $2M if you are only approved for $1M, because we are promising to bond the full amount if you win. You would need to increase your aggregate limit by providing financial statements.

What if I make a math error in my bid?

This is common. If you can prove a clerical error, the Project Owner may let you withdraw your bid without penalty. However, if they enforce the bid, the bond will pay the penalty (the difference between your bid and the next one).

Do you offer 5%, 10%, or Fixed Amount bonds?

Yes. The bid specs will tell you the required penalty amount. Most states require 5% or 10% of the bid price, but federal jobs often require 20%. We issue the bond to match the specific requirement.