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Bid bond

What is a bid bond? | Bond investment

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…

Bid bond

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…