A type of contract surety bond that guarantees that a bidder will enter into a contract and provide Performance and Payment Bonds on a project if they are the low, selected bidder. A Bid Bond is a three party agreement between a Principal (the bidder), an Obligee (the project owner or contractor benefitting from the bond), and a Surety Bond Company (the bond company guaranteeing the bidder’s obligation). More information on Bid Bonds can be found here.
Axcess Surety is the premier provider of surety bonds nationally. We work individuals and businesses across the country to provide the best surety bond programs at the best price.
