Quote:
|
Originally Posted by Redbull What is the difference between obtaining a bid bond for a bid or bidding certified check? Which is a better option? |
By obtaining a
bid bond you and the Obligee are assured that if you are awarded the project, you will be able to get a
performance and payment bond. While the certified check is a good option if there is no time to obtain a bond, you will be without those funds until the Obligee awards the contract.
Getting a
bid bond is definitely the preferred way to
bid a project, but the certified check is an option if needed.