Bid bond

Renewable energy (RE) developers, who have been awarded 20-year power supply contracts (PSAs) under the Green Power Auction Program (GEAP), risk the cancellation of bid bonds if they fail to provide the committed capacity. Cancellation…

Renewable energy (RE) developers, who have been awarded 20-year power supply contracts (PSAs) under the Green Power Auction Program (GEAP), risk the cancellation of bid bonds if they fail to provide the committed capacity. Cancellation…

As host of the procedure, the contracting authority must specify in the contractual documentation the formal and technical requirements of a bid bond. In some procurement procedures, the contracting authority requires contractors to…

Claims on contractors' bid bonds are a risk to be prepared for now more than ever. Bid bonds protect owners against the cost of re-bidding a project if the lowest bidder does not accept…

Claims on contractors' bid bonds are a risk to be prepared for now more than ever. Bid bonds protect owners against the cost of re-bidding a project if the lowest bidder does not accept…

The Federal Reserve Building is seen ahead of the Federal Reserve Board signaling its intention to raise interest rates in March as it focuses on tackling inflation in Washington, States United States, January 26, 2022. REUTERS / Joshua…

A preview of the day ahead at the Sujata Rao marketsTreasury markets are in full sell mode ahead of the Federal Reserve's March meeting minutes.With a half-point interest rate hike mostly slated for May, the debate has shifted to whether…

What is a bid bond and how does it work? A bid bond is a type of bond issued to guarantee that the winning bidder for a government contract will actually sign the contract and begin work. If the contractor fails to do so, the surety…

What is a bid bond and how does it work? A bid bond is a type of bond issued to guarantee that the winning bidder for a government contract will actually sign the contract and begin work. If the…

When municipalities hire contractors and tradespeople to complete projects, they need some level of assurance that the work they pay for will be done accordingly. When presenting bids to eager contractors,…

When municipalities hire businesses and craftspeople to carry out projects, they need some level of assurance that the work they pay for will be done accordingly. When submitting bids to enthusiastic contractors, organizations can ask for…

What is a bid bond? A bid bond guarantees compensation to the bond owner if the bidder does not start a project. Bid bonds are often used for construction work or other projects with selection processes based on similar…

Sidian Bank has launched a new product that allows existing and potential Bank customers to generate bid bonds from anywhere, anytime and on any device. The solution dubbed Sidian Credible, a safe and secure web application, is a…

NAIROBI, KENYA: Sidian Bank has launched a web application that allows customers to generate bid bonds from anywhere on any device. The self-service platform named Sidian Credible aims to improve convenience, efficiency and speed of…

Entrepreneurs make mistakes with words. Entrepreneurs make mistakes with the numbers. And sometimes a mistake with the words leads to a mistake with the numbers. In Clark Construction Co. v. Alabama Highway…

To print this article, all you need to do is be registered or log in to Mondaq.com. The bid bond assures the employer that the bidder will sign the contract, if awarded, or comply with other specified obligations (such…

To print this article, all you need to do is be registered or log in to Mondaq.com. The bid bond assures the employer that the bidder will sign the contract, if awarded, or comply with other specified obligations (such…

The judgment was delivered by the Court of Appeal chaired by Chief Justice Silvio Camilleri, together with Judge Giannino Caruana Demajo and Judge Noel Cuschieri on July 13, 2015 in a Power Cables Malaysia SDN BHD -v- Enemalta…