Bid Protest Bond
What is a Bid Protest Bond?
A Bid Protest Bond is a type of surety bond required to guarantee that a protest in the allocation of municipal contracts is not wrongful and will not delay the work on contract for the municipality and vendor. Many times when a municipality accepts bids for contracts, the lowest bid is not always selected. The bond amount varies by agency but usually includes a provision for interest and court costs.
Bond Premiums and Bond Amounts:
Premium is 2% of the bond amount. Minimum of $100.
Bond amount will be set by the agency in question.
List of states
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
How is a Bid Protest Bond different from other Plaintiff Bonds?
This type of surety bond is often filed with a government agency rather than with the court. Stipulations for surety bonds vary by district. For example, in Florida challenges to bid specifications must be filed within 72 hours of publication. Contact Jurisco to discuss your Bid Protest Bond requirements.
Jurisco offers competitive rates for Supersedeas Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
- Providing the best knowledge and service for surety bonds
- Lowest rates on all surety bonds
- Assisting clients to understand their appeal bonds rights and responsibilities
- Fast and accurate service
- Delivering solutions to bad credit applicants
Our application process is as simple as 1, 2, 3. Simply click on the appeal bond application, fill it out, email it to us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.
Get in touch with lawyer-trained staff at Jurisco now.
The lawyer-trained staff at Jurisco understands the urgency related to defendant’s bonds and other civil court surety bonds. Other surety bond companies provide paperwork and hassles, while Jurisco specializes in solutions. Contact us by email, phone or fax to discuss your surety bonding needs today.