Click to verify BBB accreditation and to see a BBB report.
McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Follow us on twitter!
  #1 (permalink)  
Old 02-14-2005, 09:32 PM
Junior Member
 
Join Date: Feb 2005
Posts: 2
Default How long will a bid bond stay in effect?

Once we receive the bid bond, how long will the bond be effective if the bid date has been extended? Will we need to apply for a new bond?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 02-15-2005, 11:56 AM
Administrator
 
Join Date: Jan 2005
Posts: 54
Default Bid Bond expiration

Good question, while there is not a set term in writing on the bid bond. Bid bonds should not be used if more than 30 days old.

It would be wise to have your surety agent issue a new one should your bid be postponed more than 30 days.
__________________
Surety Bonds for all classes of business.
JW BOND CONSULTANTS, INC.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 02-15-2005, 06:39 PM
Unregistered
Guest
 
Posts: n/a
Default

It also may depend on the bond form. A Federal form for example has the bid date right on the bond and would have to be reissued by your surety should there be any change in the bid date.
Basically, while they 'may' be good for 30 days, why take a chance on any technicality being used to toss out your bid. Ask your surety to reissue if the bid date is change more than a few days.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 09:29 AM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
©2005-2008 JW Bond Consultants, Inc. All rights reserved.