Frequently Asked Questions

Vendors

If a bid bond is required what is acceptable?

Acceptable bid bonds are one of the following:  cashier’s check, money order or a bid bond secured by Surety Company for not less than 5% of the bid amount. (HUD-5369 pg.3)

Is a company check acceptable for the bid or performance bond?

Company checks will not be accepted for the bid or performance bond.

When is the bid bond required to be turned in?

The bid bond must be included with the bid.