Access to the best pricing on bid bonds and other surety bonds improves your ability to compete. Working with an experienced surety bond provider can improve your access to surety credit and help you grow your business.
Brunswick Companies' Surety Bonds Group is a full-service, national surety bonding agency, licensed in every U.S. state.
What is a Bid Bond?
A bid bond guarantees that a contractor will enter into a contract at the amount bid and post the appropriate performance bonds, providing financial assurance that the bid has been submitted in good faith. These bonds are used by owners to pre-qualify contractors submitting proposals on contracts.
If a bid is withdrawn before the bid is opened, the bid security shall be returned to the bidder. No action is taken against the bidder or bid security if a bidder is permitted to withdraw the bid before award.
Conversely, a successful bidder may not withdraw the bid after bid opening without forfeiture of bid security, unless the bidder can establish by clear and convincing evidence that a nonjudgmental mistake was made in the bid. If withdrawal of a bid after bid opening is permitting, no action may be taken against the bidder or bid security.
Why Brunswick Companies for Your Bid Bond?
Brunswick Companies provide Surety Bonding specialists who guide clients in the construction industry through the process of obtaining a bid bond and other contract bonds.
Our clients receive:
Fast, responsive and knowledgeable service
Access to a wide selection of surety providers
Competitive rates on all types of surety bonds
Guidance through the process of obtaining surety insurance
A proactive approach to improving your access to surety credit
Working with an experienced surety broker can provide an edge in obtaining the best pricing. Mark Levinson, the leader of our surety insurance group, has developed strong relationships with the leading surety bond underwriters so that we may provide our clients with access to more favorable terms and conditions.
We work closely to increase with our clients to increase their bonding capacity, in line with their expectations for corporate growth.
