bid bond

A bond filed in public construction projects to ensure that the bidding contractor will enter into the contract.

• The bid bond is a type of performance bond. [Cases: Public Contracts 9. C.J.S. Public Administrative Law and Procedure § 12.]

---

词条贡献者

译员Daniel，毕业于法国顶尖的高级翻译学院，专注翻译各种与数据隐私、安全及网络犯罪有关的法律文件。