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Originally Posted by Bond Magician What is a consent of surety? |
In relationship to
bids, a Consent of Surety is something that the Obligee requires to be attached to
bid bonds. It's kind of silly really, because a Consent of Surety basically says that if the Principal is awarded the job, that the Surety will issue the final bond. In reality, that's exactly what a
bid bond says so it doesn't make much sense. Fortunately, New Jersey is the only state that we deal with regularly that requires this Consent.