Bid Bonds

On public projects, and some private projects, bid bonds are required from all of the general contractors that are bidding for the job. These bonds guarantee that, if a contractor’s bid is selected, the contractor will accept the job as bid. If the contractor does not go forward with the contract under the terms of their bid, the awarding authority or property owner can make a claim against the bid bond. Join our lending program and earn a return of over 4% per annum on a minimal risk project. We offer the following return on a 6-month holding period on bid bonds.