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What type of bond do you need?

Contractor Bid Bonds

If you plan on bidding a construction project, you’ll probably need a bid bond. A contractor bid bond is a type of surety bond that gives the project owner assurance that you will honor your bid if you are selected to do the job. A surety company issues the bond, and if you back out and refuse to honor your bid price, the project owner can then file a claim against the bond and recover the cost of having to find another contractor to do the job.

Contractor bid bonds are often bundled with contractor performance bonds and contractor payment bonds. Having these bonds helps protect the project owner, and also serve to keep reckless bidders out of the talent pool, ensuring that only responsible and qualified contractors can apply to do the job.

Get Contractor Bid Bonds for Your Business

We pride ourselves on understanding the unique needs of contractors, and work hard to get you the bonds you need fast. To get contractor bid bonds call Citizens General Insurance Brokers at (800) 621-0884 or complete the form on this page to get an instant bond quote.