When is it necessary to submit a bid bond for Miami Dade Public Housing Agency projects?
This is applicable to construction and equipment projects exceeding $25,000. All bids must be accompanied by a negotiable bid guarantee which shall not be less that five percent (5%) of the amount of the bid. The bid guarantee may be a certified check, bank draft, U.S. Government Bonds at par value, or a bid bond secured by a surety company acceptable to the U.S. Government and authorized to do business in the state where the work is to be performed.
