Standard surety bid bond form guaranteeing the bidder’s intention to enter into a formal contract and to provide the specified contract security if the bid is accepted.

Standard surety bid bond form guaranteeing the bidder’s intention to enter into a formal contract and to provide the specified contract security if the bid is accepted. ‘Bond Forms’ have been updated to incorporate the Ready-for-Takeover project milestone and introduce further clarity, collaboration, and responsiveness on the part of the surety.