Contracts are awarded through a solicitation process where construction projects or goods can be bid on. The process can include a bid bond form, a vendor registry system, and other requirements. The links below provide details to contract processes.
Contract Surety Bonds are often required by a federal government agency, municipality, county, private entity or university. The process generally begins with a bid process (often referred to as a bid letting) and when a contractor is awarded a contract, payment and/or performance bond (such as for a ODOT or AIA contract) or contract bond may be required.
The Small Business Administration has a Bond Guarantee Program helps small contractors bid on projects.
SuretyGroup.com can often write Bid Bonds at no cost to you. Contact our Surety Bond Specialists to see if you qualify.
Premiums for Oregon contract bonds vary and are dependent on business and personal financials, scope of work, the amount of the project and other conditions.
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