; charset=UTF-8" /> Bid Bond | Tsehay Insurance

Bid bond  is a security for different form of  bid or tender between individual, private, public, government and other bodies. It is a guarantee that if the bidder, after receiving an award of the work /service, is not willing to enter into contract by furnishing the prescribed Performance Bond and other requirements, the company is liable to pay the bond amount to the employer (the party that invite the bid).