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  1. Bond Guy
    Bond Guy is offline Senior Member
    Join Date
    Oct 2007
    Posts
    179

    Bid and Bond Premiums

    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.
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Bid Bonds

    Quote 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.
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