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 Nebraska?
A bid bond is a type of surety bond, that guarantees that the bidder will take the job and complete the agreement according to its terms. It provides assurance to the project owner that the bidder has the expertise and ability to finish the job once you are selected after the bidding process. The simple reason is that you need one so that you get the contract. But the bigger question is why are more owners/developers requiring a surety bid bond? The basic answer is risk. Given the uncertainty of the marketplace, which includes long-time contractors closing shop, to municipalities filing bankruptcy (or just slow paying), has led to owners being afraid that their contractors will be unable to complete the job. Accordingly, they require a some protection.
Just fill out our bond application here and email it to [email protected] - click here to get our Nebraska 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 five or ten percent, is forfeited if you don’t accept the job).
How much does a Bid Bond Cost in Nebraska?
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 P&P bond if you get the job. The cost of a P&P 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 NE?
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 Nebraska. 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.
| 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. See our Performance Bond Cost page for more.
How do I get a Bid Bond in Nebraska?
We make it easy to get a contract bid bond. Just click here to get our Nebraska Bid Bond Application. Fill it out and then email it and the Nebraska bid specs/contract documents to [email protected] or fax to 855-433-4192.
You can also call us at (913) 286-6501. We thoroughly review each and every application for bid bonds and then submit it to the surety that we believe will provide the best surety bond for your job. We have a high success rate in getting our clients surety bid bonds at the best rates possible.
Unlock the Power of Nebraska Bid Bonds
Discover the Importance of Nebraska Bid Bonds Today
In our experience, Nebraska bid bonds serve as crucial instruments in the construction bidding process. A bid bond provides financial assurance to the project owner that the contractor submitting the bid will fulfill the contract terms if selected. Essentially, it guarantees that the contractor has both the financial means and commitment to enter into the contract at the bid price.
Bid bonds not only protect the project owner but also give bidders a competitive edge, showcasing their reliability and readiness to handle the project. From what we’ve observed, obtaining a bid bond is often a mandatory requirement for public construction projects in Nebraska.
Find Your Nebraska Bid Bond Now – Here's How
We’ve come to understand that finding a reliable source for bid bonds in Nebraska requires research and consultation. Numerous insurance companies and surety bond agencies offer these bonds, but we’ve often noticed that local providers understand Nebraska's legal landscape better. When searching for a provider, look for reputable firms that have experience with Nebraska-specific projects.
Some platforms allow online quotes, streamlining the process. From our perspective, working with agents who understand the nuances of local projects can help ensure a smooth application process and prevent potential delays.
Are You Eligible for a Nebraska Bid Bond? Find Out!
We’ve consistently found that several entities benefit from bid bonds in Nebraska:
- Contractors: From general contractors to specialty trade contractors, anyone participating in the bidding process for a public project will likely need a bid bond.
- Project Owners: Public entities, municipalities, and private project owners use bid bonds to ensure financial protection during the bidding process.
- Subcontractors: In some cases, subcontractors may also require bid bonds, particularly for larger, more complex projects where additional security is needed.
In our view, bid bonds help create trust between project owners and contractors by ensuring all parties are committed to the terms set forth in the bid.
We provide bid bonds in each of the following counties:
Adams
Antelope
Arthur
Banner
Blaine
Boone
Box Butte
Boyd
Brown
Buffalo
Burt
Butler
Cass
Cedar
Chase
Cherry
Cheyenne
Clay
Colfax
Cuming
Custer
Dakota
Dawes
Dawson
Deuel
Dixon
Dodge
Douglas
Dundy
Fillmore
Franklin
Frontier
Furnas
Gage
Garden
Garfield
Gosper
Grant
Greeley
Hall
Hamilton
Harlan
Hayes
Hitchcock
Holt
Hooker
Howard
Jefferson
Johnson
Kearney
Keith
Keya Paha
Kimball
Knox
Lancaster
Lincoln
Logan
Loup
McPherson
Madison
Merrick
Morrill
Nance
Nemaha
Nuckolls
Otoe
Pawnee
Perkins
Phelps
Pierce
Platte
Polk
Red Willow
Richardson
Rock
Saline
Sarpy
Saunders
Scotts Bluff
Seward
Sheridan
Sherman
Sioux
Stanton
Thayer
Thomas
Thurston
Valley
Washington
Wayne
Webster
Wheeler
York
And Cities:
Omaha
Lincoln
Grand Island
Kearney
Norfolk
North Platte
Hastings
Scottsbluff
Papillion
Beatrice
See our Nevada Bid Bond page here.
More on Surety Bid Bonds https://swiftbonds.com/bid-bond/.
Learn more on Nebraska bids.
Get Ahead with These Practical Bid Bond Tips
We’ve been fortunate to work with numerous contractors navigating the bid bond process. Here are a few practical tips we’ve gathered from our experience:
- Ensure Financial Stability: Contractors should have a solid financial background before applying for a bid bond.
- Research Reputable Sureties: A reliable surety company can make all the difference in a smooth application process.
- Be Prepared for Project-Specific Requirements: Each project may have unique conditions, so thoroughly review bid documents.
- Maintain Good Credit: We’ve often found that strong credit is a significant factor in securing favorable bond terms.
Why You Need to Understand Surety Bid Bonds
We’ve come to believe that the surety bid bond is a key player in the bonding world. It involves three parties:
- Principal: The contractor or bidder who seeks the bond.
- Obligee: The project owner requiring the bond.
- Surety: The bond provider who guarantees the contractor’s bid.
What we’ve discovered is that if the contractor fails to uphold their bid, the surety compensates the obligee for any financial loss, often up to the full value of the bond. This ensures that project owners are not left stranded when contractors fail to deliver on their bid commitments.
Make Sure Your Surety Bid Bond Works for You
We’ve found through experience that surety bid bonds work through these steps:
- Bidding: Contractors submit a bid along with the bid bond.
- Bond Issuance: If the contractor wins the bid, they must enter into a contract. If they don’t, the surety steps in to cover the financial loss.
- Protection: The bond assures the project owner that the contractor will honor their bid, protecting the project from financial risk.
These steps outline a clear path that contractors and project owners can rely on for smooth project management.
Applying for a Surety Bid Bond in Nebraska: Here's What You Need to Know
We’ve gained insight into the application process for surety bid bonds in Nebraska, and it generally follows these steps:
- Submit Basic Information: Provide details about the company’s financials, the project, and prior experience.
- Underwriting Review: The surety conducts a thorough review of the contractor’s credit, financial statements, and overall capability.
- Bond Issuance: Once approved, the bond is issued, and the contractor can submit it along with their bid.
We’ve noticed that the review process can be meticulous, so having organized financials and a history of successful projects will aid in quick approval.
What’s the Cost of a Surety Bid Bond? Find Out!
Based on our experience, the price of a surety bid bond depends on various factors, including the size of the bid and the contractor’s financial standing. Typically, it’s a percentage of the total contract value, usually between 1% and 3%. What we’ve found is that well-established contractors with solid financials often enjoy lower rates, while newer companies or those with weaker credit may face higher costs.
Worried About Being Denied? Avoid These Pitfalls
We’ve been in situations where contractors were denied a surety bid bond due to several factors:
- Poor Credit: Low credit scores can raise red flags for sureties.
- Insufficient Financial History: A lack of financial documentation or weak financials can result in denial.
- Lack of Experience: Contractors with limited project history may struggle to secure a bond.
We’ve learned that maintaining a strong financial profile, keeping organized documentation, and building a positive project history are key steps to avoid bond denial.
Final Words: Your Path to Bid Bond Success in Nebraska
In our dealings with Nebraska’s bid bond process, we’ve seen firsthand how these bonds protect project owners and promote responsible bidding practices. Whether you’re a contractor seeking a bond or a project owner ensuring security, bid bonds serve as an essential part of the construction landscape. We’ve found it useful to work with reputable surety providers who understand the Nebraska market to ensure a smooth and successful experience.
