Bond cost index
Bid Bond Cost
A bid bond guarantees that a contractor who wins a bid will sign the contract and post the required performance and payment bonds. If the winning bidder backs out, the obligee can recover the difference up to the bond amount.
How much does a bid bond cost?
Bid bonds are usually 5 to 10 percent of the bid amount and are commonly issued at no separate charge as part of the surety relationship that backs the final bonds. Premium for a bid runs about 1% to 15% of the bond amount per year, set by underwriting based on credit and financials.
Data as of 2026-06-17. Methodology v1.
Bid bonds are usually 5 to 10 percent of the bid amount and are commonly issued at no separate charge as part of the surety relationship that backs the final bonds.
The bond amount for this bond is set by the obligee on a case-by-case basis rather than by a statewide statute, so there is no per-state table. These are estimated ranges, not quotes. Final premium is set by underwriting and depends on the bond amount, your credit and financials, the bond class, and the obligee. A firm number takes a short application.