A bid bond guarantees that if you win a project, you'll honor your bid price and provide the required performance and payment bonds. It protects the owner if a low bidder walks away after the bid opening. Bid bonds are usually issued at no charge — and they're also a pre-approval that you can be bonded for the full job, so the agency that writes your bid bond typically writes your performance and payment bonds too.
Need a bid bond on a deadline? That's our fastest product. Send us the bid details and we'll turn it around quickly — and set you up so the performance and payment bonds are ready the moment you win.
Getting your bid bond through BettrBonds means your full bonding capacity is already lined up. No scrambling after the award.
Frequently asked
How much does a bid bond cost?
Bid bonds are usually issued at no charge as part of setting up your performance and payment bonds.
What does a bid bond guarantee?
It guarantees that if you win, you'll honor your bid price and provide the required performance and payment bonds.
Ready to get bonded?
Tell us about the job — a real bond expert responds the same business day.