Iowa DOT's Bid Bond Form 131084
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People also ask
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Who needs a bid bond?
In the state of California, all public construction projects require this bond when you submit your bid. This is true for federal construction projects as well.
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What is a bond bid request?
When a contractor submits a bid for a project, they also provide a bid bond. This bond acts as a guarantee that the contractor will enter into the contract and provide the required performance and/or payment bonds if they win the bid.
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What is a bid bond form?
A bid bond is a type of bid security that provides assurance to the principal (typically the owner) that the contractor will accept the contract as bid. Bid bonds are required on most federal projects because of the Miller Act, though other types of projects may require bid bonds as well.
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