Bid bond

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Bid bond

A form of bid security executed by the bidder as principal.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

bid bond

A form of bid security executed by the bidder as principal and by a surety. Also see bid security and surety
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.