Bid Bonds

Bid Bonds Worldwide

Secure Your Bids With Trusted Surety Support

When bidding on public or private construction projects, credibility and commitment are everything. Bid Bonds Worldwide provide a financial guarantee to project owners that your bid is serious — and that you will enter into a contract and provide further bonding if awarded the project.

Win more opportunities with trusted Bid Bond solutions — serving contractors across the World.

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Get Quoted. Get Certain.

What kind of bond are you looking for? *

How large of a bond do you need?
If you’re unsure our surety experts can advise you. *

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What is your name?

First Name *

Last Name *

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Which province or locality are you inquiring about? *

What Is a Bid Bond?

A Bid Bond is a surety guarantee that protects project owners if a bidder fails to honor their bid or refuses to sign the contract after award.

Key protections Bid Bonds offer:

Guarantees the bidder will enter into a formal contract if selected

Guarantees the bidder will provide required Performance Bonds and Labour & Material Payment Bonds

Compensates the owner if the bidder withdraws or defaults

Bid Bonds are critical in competitive construction tenders across the World, where project owners need certainty that bidders are qualified and committed.

When Are Bid Bonds Required?

Bid Bonds are typically required for:

Public sector construction tenders (municipal, provincial, federal)

Infrastructure projects (roads, bridges, hospitals, schools)

Large private commercial construction contracts

Design-build and public-private partnership (P3) projects

If you are bidding on projects valued over $250,000 — especially in the public sector — you will almost always need a Bid Bond.

Learn how Construction Bonds secure all phases of major projects.

How Much Coverage Does a Bid Bond Provide?

Wechinsurance specializes in a full suite of construction bonds:

Standard Bid Bond coverage is 10% of the total tender price.

Some tenders may request lower or higher percentages depending on project complexity.

Once you secure a Bid Bond facility, issuing bonds for future bids becomes fast and streamlined.

Why Contractors Trust  Wechinsurance for Bid Bonds

Deep Construction Expertise

Our advisors specialize in helping builders, subcontractors, and developers across the World.

Top Surety Access

Competitive terms from World’s leading surety companies.

Fast Turnaround 

Many standard Bid Bonds can be issued within 24–48 hours.

Customized Facilities

Tailored bonding programs for new, growing, and established contractors.

Bid confidently. Build stronger. Partner with Wechinsurance for your surety needs.

How to Qualify for a Bid Bond

Surety companies assess applicants based on the Three C’s of bonding:

Character

Demonstrated reliability, good references, and a strong reputation.

Capacity

Proven ability, project experience, and operational resources to deliver if awarded the project.

Capital

Solid financial strength, positive working capital, and a healthy net worth.

What Our Customers Are Saying

Real reviews from real clients — across commercial lines, personal insurance, and surety bonding. Discover why business owners, families, and professionals across the World trusts Wechinsurance to protect what matters most.

WechInsurance made the performance bond process simple and stress-free. Their team explained everything clearly and delivered exactly what we needed on time. We felt confident moving forward with our project.

Michael Anderson,

We needed a payment bond urgently, and WechInsurance exceeded our expectations. Fast response, clear guidance, and excellent customer service throughout the entire process.

Aisha Khalid Al-Mansouri

Their tailored insurance solutions were a perfect fit for our business. WechInsurance truly understands client needs and offers competitive options without complications.

James William Carter

WechInsurance helped us secure a money bond smoothly and efficiently. Their professionalism and attention to detail made a big difference for our company.

Carlos Miguel Hernández

Excellent experience from start to finish. The team was responsive, knowledgeable, and always willing to answer our questions. Highly recommended.

Sophie Marie Laurent

We’ve worked with several insurance providers, but WechInsurance stands out for their personalized service and reliability. A trusted partner we’ll continue to work with.

Rajiv Prakash Mehta

Ready to protect your business against unexpected risks?

Start My Bond Quote Today

Frequently Asked Questions (FAQ)

Are Bid Bonds mandatory?

For most public sector construction tenders — yes. Owners use Bid Bonds to ensure serious bidding and protect against financial risk. They are often a required first step in the broader Construction Bonds process.

What happens if I win a bid but don't sign the contract?

If you fail to execute the contract or provide Performance Bonds, the project owner can claim against your Bid Bond — and the surety will seek reimbursement from you.

Do Bid Bonds expire?

Bid Bonds are valid until the tender acceptance period expires. If the project is not awarded or if another bidder is selected, the bond obligation ends.

How much does a Bid Bond cost?

Bid Bonds themselves are typically provided at no direct cost when a bonding facility is established. Facility maintenance fees may apply based on bond size and volume.

Can small or new contractors get Bid Bonds?

Absolutely. Wechinsurance specializes in helping both emerging and established contractors access the bonding they need.

Performance Bonds

Labour and Material Bonds