Price: Varies
- 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 the required performance and payment bonds if they are awarded the contract. The bond safeguards the project owner, referred to as theObligee, by ensuring that the contractor is financially capable and dedicated to meeting the bid's terms. Should the contractor fail to honor the bid, the bond compensates theObligee for any additional expenses incurred in awarding the contract to another bidder.
To purchase your Texas Contract - Bid Bond simply click on the "Buy Now" button. You will then be guided through a brief set of questions. After which you'll pay online and sign using DocuSign. Your new surety bond will be signed and sealed as a full-color PDF document for printing.
Securing a Texas Contract - Bid Bond surety bond is a commitment by principals to adhere to the stipulations of contractual and legal obligations.
Note: If the bond requires underwriting, it may take up to 24 hours.
