SD bid bonds.
Free. Yes, actually.
Most South Dakota public solicitations require bid security — commonly 5% of your bid — before they'll open your envelope. Ours costs nothing: we give you the bid bond so we're already your surety when you win.
Trusted by industry leaders
Free bond now. Fast bond when you win.
A bid bond is the front door to the bonds that matter. Here's how the whole sequence works:
Apply + send bid documents
One application — your business, your track record, the project. This is the same underwriting file that backs your performance bond later, which is exactly why we do it free now.
Bid bond + consent of surety
You get the executed bid bond on the form the solicitation requires, plus the consent of surety many SD agencies want — proof the final bonds will be there if you win.
P&P bond, already underwritten
The ten-day clock between award and contract is where unprepared bidders lose deals. You're already in our book — your performance & payment bond issues at the flat 3% without re-underwriting.
The whole pricing page.
Bid bond: $0. Consent of surety: $0. The performance & payment bond when you win: a flat 3%. That is the entire economic relationship.
What it is and who needs it.
What a bid bond guarantees — and why it costs nothing
A bid bond tells the public corporation your number is real: if you're awarded the contract, you'll sign it and furnish the required performance & payment bonds. Owners require bid security precisely to screen out bids that were never achievable — if the low bidder walks away, the owner can claim the difference between that bid and the next one, up to the bond's penal sum, commonly around 5% of the bid.
So why free? Because the real underwriting in a bid bond is the question "would we write this contractor's performance bond?" Sureties issue bid bonds at no charge to win the relationship before the award. That's the whole industry's model — most brokers just don't say it out loud.
We say it out loud: the bid bond is our audition. You owe us nothing if you lose the bid, and nothing obligates you to use us when you win — but your file will already be approved, and the 3% will already be posted.
You need this bond if you're
Five minutes now saves the ten-day scramble later.
The application is the same underwriting file as the performance bond — which is why winning bidders who started here close so fast. Free, no obligation, and your bid bond arrives within 48 hours.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
What is a bid bond? +
Why is the bid bond free? What's the catch? +
How much bid security do I need? +
What happens if I win the bid? +
What happens if I win and don't sign the contract? +
What is a consent of surety? +
Does applying affect my credit? +
I bid on several jobs a month. Do I need a bond for each? +
Other New York bonds.
Bid security, free, by Thursday.
Five-minute application, $0, bid bond and consent of surety within 48 hours. When you win, the performance bond is already half done.