Bid Bonds are used if the insured has been requested to provide a bid for a contract that will require the successful bidder to furnish additional bonds if awarded the project. The guarantee with this bond from the surety carrier is that if the bid is accepted, the bidder will enter into a contract and will satisfy further bonding requirements for the job. Thus the Surety underwrites the Bid Bond based on the contract that will eventually be required to bond the project.

Why Choose Insource?

Insource will work with you to pair your business with a solid reputable Surety Company to back up this bond. If a Bid Bond is required for a bid you are working on, please contact our office.