SBA Bonding

What is a Bid Bond?

Bid bonds are a subset of the broader category of Contract bonds that must be filed with the project owner or government agency soliciting bids for public or private construction contracts. Bid bonds provide the project owner with security that the winning bidder will sign the contract and meet the requirements of the bid specifications. …

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Prequalification

The surety underwriting process is focused on pre-qualifying the contractor. It takes time to develop and present data, address questions the surety may have, and verify information. Before issuing a bond, the surety must be fully satisfied that the contractor is of good character, has the experience that matches the requirements of the projects to …

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