Bid Bond Calculator
Free Bid Bond Cost Calculator for Construction Projects
Calculate bid bond costs instantly. Most contractors pay $0 for bid bonds when they have a bonding program in place.
Bid Bond Cost Calculator
How Bid Bond Costs Are Calculated
With Bonding Program
Most common for qualified contractors
Standalone Bid Bond
Flat fee for one-time bids
Percentage Based
Of bid bond amount (rare)
Why Most Contractors Get Free Bid Bonds
Surety companies provide bid bonds at no cost because they anticipate earning their premium on the performance and payment bonds if you win the contract. The bid bond is essentially a pre-qualification showing you can obtain the final bonds. When you use our bid bond calculator, remember that having a bonding relationship in place is the key to $0 bid bond costs.
Popular Bond Types
Explore our most requested surety bonds
Bid Bond Calculator FAQs
How much does a bid bond cost?
Bid bonds are often FREE when you have an established bonding program. For standalone bid bonds, costs range from $100-$500 flat fee or 1-2% of the bid bond amount. Use our bid bond cost calculator above for instant estimates based on your project size.
Why are bid bonds free?
Sureties provide bid bonds at no cost because they earn their premium on the performance and payment bonds if you win the contract. The bid bond demonstrates you can obtain the final bonds - it's essentially a pre-qualification.
What percentage is a typical bid bond?
The bid bond amount (penal sum) is typically 5-10% of your total bid. Federal Miller Act projects require 20% bid bonds. This is the coverage amount, not the premium you pay. Most contractors pay $0 premium with a bonding program.
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Establish a bonding program and get unlimited free bid bonds
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