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Originally Posted by Harley I am interested in obtaining a bid bond so that I can place a bid on a project. Is there a standard cost for a bid bond? or does it vary? |
Generally there is a small service fee due for
bid bonds. There could be two options for paying for
bid bonds. A fee for each
bid or an annual charge for unlimited
bid bonds - these fees can range from $50 to $250.
Just remember when you are bidding a job that you include in the
bid price the cost of the final bond should you be awarded the project.