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Construction Glossary

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bid bond

consent of surety

May 2, 2013

1.Written consent of the surety on a performance bond and/or labor and material payment bond to such contract changes as […]

bid bond, change orders, labor and material payment bond, performance bond, surety

bond

April 21, 2013

1. A financial guarantee by a surety company that work will be completed as described in a contract. Also see

American bond, basket-weave bond, bid bond, bond timber, Chinese bond, common bond, completion bond, contract bond, Dutch bond, English bond, English Cross bond, English garden-wall bond, Flemish bond, Flemish garden wall bond, flying bond, header bond, headers, in-and-out bond, labor and material payment bond, monk bond, performance bond, raking stretcher bond, rattrap bond, roofing bond, rowlock bond, running bond, silverlock bond, stack bond, stretcher bond, stretchers, surety bond, Sussex bond, Yorkshire bond

bid security

March 15, 2013

The deposit of cash, certified check, cashiers check, bank draft, money order, or bid bond submitted with a bid and

bid bond, contract documents

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bid bond

consent of surety
bond
bid security

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