Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do I as a potential prime contractor have to obtain a bid bond in order to bid on MSDGC projects?

April 26, 2017bid Bond contractor msdgc obtain potential Prime Projects

0

Posted

Do I as a potential prime contractor have to obtain a bid bond in order to bid on MSDGC projects?

1 Answer

0

Posted

Yes, the bid bond should represent 10% of your bid. You must also list your Performance Bond cost in bid items. The Performance Bond cost represents the money to be paid to your insurance company to secure the 100% Performance Bond.