In U.S. construction, especially Texas public work, you rarely get past the bid stage without a bid bond. It tells owners you can perform, and it’s your first credibility test. At AI Surety Bonding USA, we provide bid bonds quickly, accurately, and with a bonded guarantee to help you secure the win.
A bid bond is a surety instrument submitted alongside your bid that guarantees two things:
If you don’t follow through, the bond compensates the owner for the cost difference in awarding a replacement contractor.
A contractor bids $15 million on a TxDOT highway project in Fort Bend County. The owner requires a 5% bid bond. If the contractor declines to contract or fails to post bonds, the bond covers the owner’s costs to rebid or award the contract to the second-best bidder.
Usually 5%–10% of the bid amount
Owner’s standard bid bond form (or AIA, EJCDC, etc.)
Principal (you), Obligee (owner), and Surety
Triggered when you refuse to contract or fail to secure performance/payment bonds
To approve your bid bond request, sureties evaluate your:
Providing organized bid documentation accelerates the approval process.
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