bid bond

Traders said they had already bid bonds up in anticipation of favorable news.

There is no charge for a bid bond.

The bid bond penalty is generally ten percent of the bidder's tender price.

A $2 million bid bond was to accompany each bid.

They bid bond prices down, sending the yield on the 30-year Treasury bond to 7.56 percent from 7.54 percent.

The more bids and the larger the contracts, the more money was tied up in bid bonds and often for many months.

The yield on the benchmark 30-year Treasury bond, which rises as traders bid bond prices down, hit 7.54 percent, an 18-month high.

In the last 20 years, competitively bid bond underwritings have dropped from three- quarters of all deals to a quarter, he said.

When the same survey last month showed the index rising, indicating a possible increase in inflation, bond traders believed it and bid bond prices down.

A Bid Bond is purchased when a contractor, or the "principal", is bidding on a tendered contract.

Meanwhile, stock traders' counterparts in the bond market bid bond prices up and dragged yields down for the third time in four sessions.

A job requiring a payment & performance bond will usually require a bid bond, to bid the job.

A Bid Bond guarantees that the "oblige" will be paid the difference between the principal's tender price and the next closest tender price.

The bid bond assures and guarantees that should the bidder be successful, the bidder will execute the contract and provide the required surety bonds.

Developed with the assistance of organizations representing the surety industry, this standardized bid bond form is coordinated for use with ConsensusDocs 200 and 500 documents.

First, the SBA guarantees bid bonds to ensure that if a bidder wins a procurement competition, the bidder will sign the contract.

Contractors prefer the use of Bid Bonds because they are a less expensive option and they do not tie up cash or bank credit lines during the bidding process.

The top-level contracts are completely formalized with detailed specifications, bid bonds, and so on, and business at this level is done in English and in air-conditioned offices.

Bid Bond: Guarantees that the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.

Since the World Bank requires that every proposal be accompanied by a bid bond pegged at a percentage of contract value, the need for financing grew with the volume of bids.

Evidence of a strong economy - from a Philadelphia Federal Reserve survey, a report on higher housing starts and increasing commodity prices - again stampeded traders into bidding bond yields higher.

He clucked his tongue over Bond's injuries and, while his interrogator told Bond's story to the Captain, bade Bond follow him into the toflette in the station.

A bid bond is issued as part of a bidding process by the surety to the project owner, to guarantee that the winning bidder will undertake the contract under the terms at which they bid.

The Bid Bond prequalifies the principal and provides the necessary security to the owner or general contractor, or "oblige", guaranteeing that the principal will enter into the contract, if it is awarded.

Owners and general contractors also use Bid Bonds because they establish and confirm that the bidding contractor or supplier has the support of a Surety Company and is qualified to undertake the project.