What Types of Projects Need Bid Bonds?

What Types of Projects Need Bid Bonds?

Florida contracts, often involving projects that contribute to the betterment of communities, infrastructure, and public services, come with a distinct requirement: bid bonds.

What is a Bid Bond?

What is a Bid Bond?

A bid bond is a type of surety bond that is required by many public and private projects. It guarantees that the contractor that bids will be able to qualify for a performance bond.

What is a Maintenance Bond?

What is a Maintenance Bond?

what is a” maintenance bond?” Maintenance bonds may also be referred to as a warranty bond or a maintenance guarantee.