Home  Montana Bonds  Montana Contract Bond

Montana Contract and Bid Bonds

A Montana Contractor shakes hands with a client

Apply Online

Or call 844-432-6637

Contracts are generally done through a solicitation procedure where companies and individuals can bid on services, construction projects or goods. The process could include completion of a bid bond form, application to a vendor system, and other requirements. The links listed below provide more details to contract processes.

Montana Contract Surety Bonds are often required by federal government agencies, local municipalities, counties, universities or private entities. The process generally begins with a bidding process and if awarded the contract, a contract bond or payment and/or performance (such as an AIA or MDT contract) bond may be required.

Contract Bonds Types:

  1. Montana Payment Bond- Guarantees that subcontractors, suppliers and laborers are paid.
  2. Montana Performance Bond- Guarantees the contractor will perform the contract, including completing the project on time, staying within budget and other terms within the contract.
  3. Montana Supply Bond- Guarantees that the company will supply the materials as outlined in the contract.
  4. Montana Maintenance Bond- Guarantees materials workmanship for a certain period of time after a project is completed.
  5. Montana Bid or Proposal Guarantee Bond- Ensures that the surety prequalifies the contractor bidding on the project. The bond confirms that if the contractor is the low bidder, the surety will issue the payment and performance bonds.

Did You Know?

The Small Business Administration has a Bond Guarantee Program to help small contractors bid on projects.

Related Links:

Small Business Association Bond Guarantee Program
Montana - Vendor Resources
Montana - Contracting & Bidding Announcements
Montana State University - Campus Planning, Design & Construction

How Much Will This Bond Cost?

The premium that you pay for a Montana contract surety bond will vary and be dependent on business and personal financial statements, experience, scope of work, the amount of the project and other conditions.

More Surety Bond Questions?

Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.


For a downloadable application