Bid Bond
The bond amount acts as a form of collateral and provides financial compensation to the project owner if the bidder backs out or fails to fulfill their obligations. In such cases, the project owner can claim the bond amount to cover any additional costs incurred in awarding the project to another bidder.
- It takes only 30 minutes to process.
- No collateral required.
- Free delivery.
- Minimal requirements needed.
- Tender documents.
- Company documents.