Water Line Extensions in PA

[Bond Guy]

A bid bond is needed for a contractor that is going after a job. The total amount of the job is 630,000 but the bid bond necessary is only $31,500 or 5% of the total bid. The job is a water line extension and the length of the job once awarded is 90 days. The work is being done in PA is this something you could help with? What shall I do in order to get the ball rolling?

[Surety Queen]

Originally Posted by Bond Guy

A bid bond is needed for a contractor that is going after a job. The total amount of the job is 630,000 but the bid bond necessary is only $31,500 or 5% of the total bid. The job is a water line extension and the length of the job once awarded is 90 days. The work is being done in PA is this something you could help with? What shall I do in order to get the ball rolling?

Absolutely, we can help. Because the job is over $200,000, it will require a full bond submission. I have attached the link below to our website where you can see what's required. Even though the bid amount is only $31,500, the bond would be underwritten based on the final contract amount. JW Surety Bonds - Contract Bond Applications, Fast Track Program