Bid Bond

A Bond required of a contractor submitting the lowest bid on a project. If the contractor then refuses to undertake the project, the bid bond assures that the developer will be paid the difference between the lowest bid and next lowest bid. The bid bond encourages contractors to make serious bids and live up to their obligations.

To Apply:

Bid & Performance Bonds

Contract Bonds – Up to $250,000

We underwrite this bond based on credit report and approval of this program within 24 hours.

Fax the following to 713-785-2711:

  1. Download Application
  2. If this is a bid bond, include special bond forms and bid specification
  3. If this is for a new contracted project, include a copy of the contract purchase order

Contract Bonds – Over $250,000

We underwrite this bond based on credit, experience, and references.

Fax the following to 713-785-2711:

  1. Download Application
  2. Download Personal Financial Statement
  3. If this is a bid bond, include special bond forms and bid specification
  4. If this a for a new contracted project, include a copy of the contract purchase order
December 6th, 2012 by All State Bonds