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Originally Posted by Bond Magician You recently issued a bid bond for my company. The bid amount was originally $61,000 - Now it has been changed to $36,000. Since the original bond amount is typed on the bid bond, won't it be rejected by the obligee? |
I'm assuming that the amount on the
bid bond is preceded with "not to exceed" - if this is the case, then going lower than the original $61,000 is not a problem and your
bid should not be rejected. Going over the $61K amount would be a problem but under shouldn't be. Did the
bid say "not to exceed"?