You can now get a Bid Bond (almost) instantly. For Bids under $100,000, click here 
For all bids greater than $100,000, get our Express Application form:
Express Application (click to download form)
- Complete the form and email to [email protected].
- Be sure to include the RFQ/ITB (bid specs from the obligee).
What is a Bid Bond in Georgia?
A bid bond is a type of surety bond, that guarantees that the bidder will accept the project and complete the contract according to its terms. It provides assurance to the project owner that the bidder has the expertise and wherewithal to complete the job once the bidder is selected after winning the bidding process. The simple reason is that you need one so that you get the job. However, the larger question is why are more owners/developers requiring a surety bid bond? The simple answer is risk. Given the uncertainty of the marketplace, which includes long-term contractors going out of business, to municipalities filing bankruptcy (or just slow paying), has led to owners being afraid that their contractors will be unable to complete the work. Thus, they require a some protection.
Just fill out our bond application here and email it to [email protected] - click here to get our Georgia Bid Bond Application
A bid bond is issued as part of a bid by a surety bond company to the project owner. The owner is then assures that the winning bidder will take on the contract under the terms at which they bid.
Most bid bonds contain a bid percentage (usually 5% or 10%, is forfeited if you don’t accept the job).
How much does a Bid Bond Cost in Georgia?
Swiftbonds does not charge for a surety bid bond (with two exceptions, see below). The reason that we don't charge for a bid bond is that we will charge for the contract bond if you get the job. The cost of a bid bond can vary widely depending on the amount of coverage that is required (see below).
Two exceptions for bid bond charges:
1) We do charge for Overnight fees
2) We will charge you if there is NOT going to be a bond on the contract.
How much do bonds cost in GA?
Bond prices fluctuate based on the job size (that is, it's based on the cost of the underlying contract). The cost of a bond is estimated through a couple of back-of-the-envelope calculations. In general, the cost is approximately three percent (3%) for jobs under $800,000 and then the percentage is lower as the contract amount increases. We work diligently to find the lowest premiums possible in the state of Georgia. Please call us today at (913) 286-6501. We'll find you the very best rate possible for your maintenance bond or completion bond. Things that can affect this pricing are the perceived risk of the job, the financial position of the entity being bonded, plus other factors. See our performance bonding.
| Bond Amount Needed | Fee |
| <$800,000 | 2-3% |
| >$800,000<$1,500,00 | 1.5-3% |
| >$1.500,000 | 1-3% |
These rates are for Merit clients, Standard rates are higher
How do I get a Bid Bond in Georgia?
We make it easy to get a contract bid bond. Just click here to get our Georgia Bid Bond Application. Fill it out and then email it and the Georgia bid specs/contract documents to [email protected] or fax to 855-433-4192.
You can also call us at (913) 286-6501. We fully review each application for surety bonds and then submit it to the surety that we believe will provide the best bid bond for your job. We have a excellent success rate in getting our clients bid bonds at the best rates possible.
Unwrapping the Core Purpose of Georgia Bid Bonds
In our experience, the core purpose of bid bonds in Georgia is to protect project owners by ensuring that contractors fulfill their bids. We've learned that without a bid bond, project owners risk financial setbacks if the chosen contractor fails to commit to the contract. By securing a bid bond, contractors demonstrate their reliability, making this bond an essential safeguard for public and private projects across Georgia.
Finding Georgia Bid Bonds Near You: A Complete Guide
We’ve found through experience that securing a bid bond in Georgia is relatively straightforward if you know where to look. For those wondering, "Where can I find a bid bond near me?" we’ve gathered that local agencies and online platforms provide the best options. In our observation, it’s crucial to work with licensed agents who understand the specific regulations governing Georgia construction projects. This ensures that the bond complies with local laws, ultimately making the process smoother and more efficient.
Spotlight on Who Typically Receives Bid Bonds in Georgia
In our professional dealings with bid bonds, we’ve come across various entities that are commonly required to obtain them. Here’s a quick enumeration of the top contenders:
- Licensed Contractors: Contractors aiming to win public or private projects in Georgia.
- Subcontractors: Subcontractors handling substantial parts of a larger contract are often required to have bid bonds.
- Government Project Bidders: We’ve consistently observed that government-funded projects require bid bonds without exception. From our perspective, understanding who qualifies for bid bonds is key to ensuring success in bidding for Georgia’s projects.
We provide bid bonds in each of the following counties:
Appling
Atkinson
Bacon
Baker
Baldwin
Banks
Barrow
Bartow
Ben Hill
Berrien
Bibb
Bleckley
Brantley
Brooks
Bryan
Bulloch
Burke
Butts
Calhoun
Camden
Candler
Carroll
Catoosa
Charlton
Chatham
Chattahoochee
Chattooga
Cherokee
Clarke
Clay
Clayton
Clinch
Cobb
Coffee
Colquitt
Columbia
Cook
Coweta
Crawford
Crisp
Dade
Dawson
De Kalb
Decatur
Dodge
Dooly
Dougherty
Douglas
Early
Echols
Effingham
Elbert
Emanuel
Evans
Fannin
Fayette
Floyd
Forsyth
Franklin
Fulton
Gilmer
Glascock
Glynn
Gordon
Grady
Greene
Gwinnett
Habersham
Hall
Hancock
Haralson
Harris
Hart
Heard
Henry
Houston
Irwin
Jackson
Jasper
Jeff Davis
Jefferson
Jenkins
Johnson
Jones
Lamar
Lanier
Laurens
Lee
Liberty
Lincoln
Long
Lowndes
Lumpkin
Macon
Madison
Marion
McDuffie
McIntosh
Meriwether
Miller
Mitchell
Monroe
Montgomery
Morgan
Murray
Muscogee
Newton
Oconee
Oglethorpe
Paulding
Peach
Pickens
Pierce
Pike
Polk
Pulaski
Putnam
Quitman
Rabun
Randolph
Richmond
Rockdale
Schley
Screven
Seminole
Spalding
Stephens
Stewart
Sumter
Talbot
Taliaferro
Tattnall
Taylor
Telfair
Terrell
Thomas
Tift
Toombs
Towns
Treutlen
Troup
Turner
Twiggs
Union
Upson
Walker
Walton
Ware
Warren
Washington
Wayne
Webster
Wheeler
White
Whitfield
Wilcox
Wilkes
Wilkinson
Worth
And Cities:
Atlanta
Savannah
Marietta
Athens
Augusta
Alpharetta
Macon
Decatur
Lawrenceville
Stone Mountain
Kennesaw
See our Hawaii bid bond page here.
More on Surety Bid Bonds https://swiftbonds.com/bid-bond/.
Best Practices for Securing Bid Bonds in Georgia: Tips and Tricks
We’ve gained in-depth insight into best practices that contractors should follow when securing bid bonds in Georgia:
- Maintain Strong Financial Health: We’ve observed that contractors with solid financials get better approval odds.
- Pre-qualify with Sureties: We’ve often noticed that pre-qualification speeds up the process for future bids.
- Understand Georgia’s Local Laws: From our experience, local regulations can impact the approval process.
- Ensure Competitive Bids: We've found that bidding within your means improves the likelihood of securing a bond. By following these tips and tricks, contractors can streamline their bid bond applications and ensure a higher success rate in Georgia.
What Is a Surety Bid Bond? An In-Depth Unveiling
We've often noticed confusion around what a surety bid bond actually entails, so let’s unwrap it. A surety bid bond is a three-party agreement between the contractor, the project owner, and the surety company. We've come to understand that this bond ensures the contractor is serious about fulfilling the bid. The surety stands in to cover the costs if the contractor backs out, and we’ve found that this provides immense peace of mind to project owners in Georgia.
How Bid Bonds Work in Georgia: A Step-by-Step Guide
We’ve seen firsthand how bid bonds operate, especially in Georgia's construction landscape. Here’s a detailed breakdown:
- Bid Submission: The contractor submits a bid bond along with their proposal.
- Owner’s Selection: If chosen, the contractor enters into the contract, backed by performance bonds.
- Claiming the Bond: If the contractor backs out, the project owner can reach out and claim the bond. We’ve observed that this process runs smoothly when contractors are well-versed in Georgia’s rules, helping project owners avoid financial losses.
The Surety Bid Bond Application in Georgia: What You Need to Know
We’ve been involved in many Georgia-based bid bond applications, and the process usually involves several steps:
- Financial Documentation: Contractors must present financial statements and work history.
- Underwriting: We’ve seen that the surety company assesses the contractor's credibility through these documents.
- Approval and Bond Issuance: Once approved, the contractor receives the bid bond. In our observation, the process goes more smoothly for those who maintain a good relationship with their surety and have a solid track record.
The Price of Bid Bonds in Georgia: A Revealing Look
We've found that the cost of a bid bond in Georgia typically ranges from 1% to 5% of the total bid. Contractors with stronger financial backing tend to receive lower rates, while those with higher risks might see an increase. Based on our experience, securing competitive rates involves shopping around and working with experienced surety agents who understand the Georgia market.
Can You Be Denied a Bid Bond in Georgia? Reasons to Consider
We’ve encountered situations where contractors in Georgia were denied bid bonds. Here are the primary reasons we’ve seen:
- Poor Financial Standing: Contractors with unstable finances struggle to secure bonds.
- Inadequate Experience: We’ve often noticed that lack of experience in managing large-scale projects is a major barrier.
- Legal Issues: From our experience, unresolved lawsuits or compliance problems can lead to bond denial in Georgia. By addressing these common issues, contractors can increase their chances of obtaining a bid bond successfully.
Concluding Thoughts: Securing Success with Bid Bonds in Georgia
We’ve realized through our work that bid bonds are essential for contractors aiming to win competitive projects in Georgia. By following best practices and understanding the local landscape, contractors can position themselves for success. Our experience tells us that being proactive about securing bid bonds—and working with reliable sureties—offers both financial protection and a clear path to project success.
Learn more on bid bond example.
