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Bid Bond m

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Delays releasing bid bonds, even when a project is cancelled by the city. www.thestar.com

Bank guarantees and bid bond amounts to be submitted by the bidders are also higher than other recent tenders. cleantechnica.com

The bid bond penalty is generally ten percent of the bidder's tender price. en.wikipedia.org

A $2 million bid bond was to accompany each bid; the winner would have to post a $5 million performance bond. en.wikipedia.org

This is a guarantee against the entity's performance and, like the bid bond, is returnable and forfeitable. jamaica-gleaner.com

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