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Originally Posted by Bond Guy Should the premium of a bond be included in the amount of the bid? I am bidding soon on a pjoject and I want to include it it the bid....at least I think I should. Thanks. |
Absolutely! All (or most) Obligees fully expect to pay for the bond - but they will rarely reimburse you after a contract has been signed if the premium was not included. It is standard practice to include the cost of the
performance & payment bond in your
bid price.