What is a Bid Bond?

Welcome to part 1 of our 2 part educational series on Bid Bonds

Bid bonds are not an insurance policy, they are a written guaranty from a third party guarantor like a surety company or insurer. A guaranty is submitted to a project owner by a contractor for a work they are bidding on. Watch the video to learn more.

Questions? Contact our bond specialist Tom at 312-878-2372 or email him at [email protected]