Search Results for: bid bonds

Understand the Difference: Bid Bonds and Performance Bonds

Exploring the intricate world of construction bonds, notably bid bonds and performance bonds, can be challenging. It is essential to comprehend the distinction between these two components for construction projects as this will aid contractors with making informed choices while safeguarding project owners from potential financial

Texas Contract – Bid Bond

A Texas Contract Bid Bond is a type of surety bond mandated by the state of Texas for contractors participating in public project bids. This bond acts as a financial assurance that the contractor will commit to the contract at the bid price and will furnish