Bid bonds guarantee that contractors complete projects they bid on, often for public or government jobs. If a contractor fails, a performance bond replaces the bid bond, ensuring project completion.

There are two types of bonds that an estimator must understand. First, there is a bid bond also called a bid security or bid guaranty. Second, there is a performance bond. Let’s take a look at the ...

Deferred interest bonds pay accrued interest in a lump sum at maturity. Explore their benefits, types, and examples to see if ...

Benchmark bonds set performance standards for other bonds. This article covers their definition, operation, and examples that ...