What is a Bid Protest Bond?
Many times when a municipality accepts bids for contracts, the lowest bid is not always the proposal selected. A Bid Protest Bond is required to guarantee that the protest is not wrongful and delaying the work on contract for the municipality and vendor. The bond amount varies by agency but usually includes a provision for interest and court costs.
Bond Premiums and Bond Amounts:
Premium is 2% of the bond amount.
Minimum of $100.
If bond is for use in Florida there will be a 1.3% tax of the PREMIUM.
Bond amount will be set by the agency in question.
List of states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
FAQ:
How is a Bid Protest Bond different from other Plaintiff Bonds?
This type of surety bond is often filed with a government agency rather than with the court. Stipulations for surety bonds vary by district. For example, in Florida challenges to bid specifications must be filed within 72 hours of publication. Contact Jurisco to discuss your Bid Protest Bond requirements.
Click on the appropriate surety bond application to download the defendant’s bonds form.
Review our surety rates from the rates section, fill out the PDF application form, and submit through your email client.
Jurisco will contact you to confirm receipt of the application then begin work immediately.
Jurisco offers competitive rates for Bid Protest Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
- Providing the best knowledge and service for surety bonds
- Lowest rates on all surety bonds
- Assisting clients to understand their bond rights and responsibilities
- Fast and accurate service
- Delivering solutions to bad credit applicants
Our application process is as simple as 1, 2, 3. Simply click on the bid protest bond application, fill it out, email it to us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.
