Learn Surety

Bid Bonds and Federal Construction

The Federal Government requires that bid bonds in the amount of 20% of the bid are submitted with all construction bids over $50,000.  The bid bond guarantees that if the contractor (Principal) is the low bidder, then he/she will enter into the contract and provide a performance bond in the full contract amount and a payment bond for 50% of the contract amount. This allows the Federal Government to weed out those contractor who will not be able to obtain the performance and payment bonds.


STATESelect a state below and proceeed to next step.


BOND TYPESelect a bond from the list below and proceed to the final step.


APPLYYou can now start applying online for the surety bond you need.