Get Bid Bond

Completing a Bid Bond online is an essential step in the bidding process, ensuring financial security for all involved parties. This guide provides a detailed overview and step-by-step instructions to help you successfully fill out this document.

Follow the steps to complete your Bid Bond online.

1. Click ‘Get Form’ button to obtain the Bid Bond document and open it in the editor.
2. In the first section, fill in the name of the principal and their address where prompted. This identifies the party who is bidding.
3. Next, provide the name and address of the surety company, which guarantees the payment related to the bid.
4. In the designated field, enter the state of incorporation for the surety company along with its principal office location.
5. Specify the penal sum in which the surety is liable. It must align with the terms of your bid. Typically, this is a percentage of your total bid amount.
6. Attach a brief description of the scope of work associated with your bid.
7. Enter the date when you are signing the form, ensuring it is complete with the day, month, and year.
8. The principal must print their corporate seal in the designated area and have the document signed by an authorized officer, such as the President or Vice President.
9. Ensure the surety’s corporate seal is applied, and it must also be signed by an authorized representative.
10. Finally, confirm that a power of attorney document accompanies the Bid Bond, as this is necessary for the surety's obligations.
11. After filling out all fields correctly, save changes to your form. You may then download, print, or share the document as needed.

Complete your Bid Bond online today to ensure a smooth bidding process.