Bid bond

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…

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…

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…

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…

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…

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…

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…