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.]
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.]
bid bond 投标押金 又称投标保证金，是承建人投标所需要的最低限度的金额。如果承建人在投标后拒绝承建工程，投标押金将保证发标人能够获得这个最低限度投标和下一最低限度投标之间的差额。投标押金鼓励承建人进行一系列的投标并履行他们的义务