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Originally Posted by h2o Is there any benefits to submitting a Bid Bond instead a certified check when bidding on a contract? |
Sure - by submitting a bond you don't have to put up the cash. Obligees can hold that certified check for a long time before returning it to you when the job is awarded. Also, the
bid bond assures you and the Obligee that if you are low bidder, the Surety will write the final bond for you.