Definitions: B - Management & legal
bid bond
A bid bond is assurance from a bonding company that the winning contractor will enter into the construction contract with performance and payment bonds. The bonding company must pay the difference between the bonded bid and the bid of the next lowest responsible bidder if the bonded bid is accepted and the contractor fails to execute a contract or to provide a performance bond
References - bid bond
See the following for additional bid bond information:
- Get Your House Right: Architectural Elements to Use & Avoid Taunton Press, December 2003, George Nash, ISBN 1561585351
- Carpentry & Building Construction, Student Text Sterling, January 2008, Marianne Cusato, Ben Pentreath, Richard Sammons, Leon Krier, ISBN 1402736282
- Carpentry Glencoe/McGraw-Hill; 6 edition, January 2003, Mark Feirer, John Feirer, ISBN 007822702X
- Green Building Products, 3rd Edition: The GreenSpec Guide to Residential Building Materials-3rd Edition ICC (distributed by Cengage Learning); 1 edition, October 2009, International Code Council, ISBN 1435400631
- Elements of Energy Efficient House United States National Renewable Energy Laboratory, December 2009, Editorial Staff
Service Professionals that can help with bid bond issues
Common projects involving bid bond
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