A Bid Bond is often required of a contractor for a specific project. The bond amount is a percentage of the total bid on project, typically 10%. The Bid Bond provides the owner of the project with some assurance that, if the contractor is ultimately awarded a contract based on his bid, he will enter into a contract with the owner of the construction project. In short, a Bid Bond is a guarantee that the bond holder will perform the work they have bid on.
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Main Office
201 North State Street
P. O. Box 1456
Yadkinville, North Carolina 27055
Phone: (336) 679-8816
Fax: (336) 679-7026
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Elkin Office
825 North Bridge Street
Elkin, North Carolina 28621
Phone: (336) 835-4288
Fax: (336) 835-8103
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