Final Bond Required?

[Bond Magician]

Is a final bond required when applying under the Fast Track Application? As far as I know, there is only a bid bond required.

[Surety Queen]

Originally Posted by Bond Magician

Is a final bond required when applying under the Fast Track Application? As far as I know, there is only a bid bond required.

Not necessarily. If you are applying for a bid bond under the Fast Track Program, Surety will assume that a final bond may be required - unless it specifically states in the bid specifications that a final bond is not required. I have seen, however, when an Obligee will change their mind after a bid and want a final bond. All in all, if Surety knows that a final bond is not required, they are not happy about issuing a bid bond. That being said, if you are an existing customer, we would do so as a convenience for you.