Bid Bonds

A bid bond is a debt secured by a bidder for a construction job or similar type of bid-based selection process for the purpose of providing a guarantee to the project owner that the bidder will take on the job if selected.

Performance Bonds

A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract.

Advance Payment Bond

An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery

Retention Bonds

Retention bond is a percentage (often 5%) of the amount certified as due to the contractor on an interim certificate that is retained by the client.

Custom Bonds

A customs surety bond is a contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction.

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