Bid Security

Bid Security (BS) is a surety bond which is a promise by a guarantor to pay the principal party up to the bond amount if the contractor fails to meet their obligations in fulfilling the terms of a contract.

Introduction

Bid Security (BS) is a surety bond which is a promise by a guarantor to pay the principal party up to the bond amount if the contractor fails to meet their obligations in fulfilling the terms of a contract.

Coverage

Ensures that the bidder does not default in accepting the bid award.

How to Claim

Call us

claims hotline 720-5944  or customer services at 300-7799

Visit us
Visit our office to claim your insurance 24x7

Questions & Answers

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