Definition of the term Bid Security

Funds or a bid bond submitted with a bid as a guarantee to the recipient of the bid that the contractor, if awarded the contract, will execute the contract in accordance with the bidding requirements of the contract documents.

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About the Home Inspector
Dan Joandrea

- I have been working in the home remodeling / construction industry for over 11 years. I have decided to open a home inspection company to help real estate home buyers to make an informed decision before making their biggest investment of their life. The home inspection is a very important step when purchasing a home.