A Bid Bond Tender Guarantee is a crucial document in U.S. public and private sector procurement processes. It serves as a risk management tool that protects project owners from bidders who might withdraw their bids or fail to execute the contract if awarded. The bond amount typically ranges from 5-10% of the bid value and can be called upon if the winning bidder fails to proceed with the contract. This document is particularly important in construction and government contracting, where it's often mandated by federal laws like the Miller Act and state regulations. The bond remains active during the bid evaluation period and expires either upon contract award to another bidder or when the principal enters into the contract.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the Principal (bidder), Surety (guarantor), and Obligee (project owner)
2. Background: Details of the project being bid on and the tender requirements
3. Definitions: Key terms used in the bond document including Principal, Surety, Obligee, Bid, and Bond Amount
4. Bond Amount: Specific sum guaranteed under the bond (typically 5-10% of bid amount)
5. Conditions of the Bond: Circumstances under which the bond becomes payable, including failure to execute contract or withdraw bid
6. Duration: Validity period of the bond and conditions for expiry
7. Governing Law: Specification of applicable federal and state laws governing the bond
1. Alternative Dispute Resolution: Optional procedures for resolving disputes through mediation or arbitration before litigation
2. Step-in Rights: Provisions allowing the Surety to take over the bid if the Principal defaults
3. Claims Procedure: Detailed process for making claims against the bond
1. Schedule A - Bid Details: Detailed information about the bid including pricing, scope, and project specifications
2. Schedule B - Power of Attorney: Document authorizing the surety's representative to execute the bond
3. Schedule C - Principal's Financial Information: Required financial statements or evidence of Principal's financial capacity
4. Schedule D - Bond Forms: Standard bond forms required by the relevant jurisdiction or authority
Find the exact document you need
Bank Guarantee Business
A U.S.-compliant bank guarantee document that provides financial assurance from a bank to a beneficiary in case of default by the principal party.
Download
Letter Of Credit And Guarantee
A US-governed financial instrument providing bank-guaranteed payment assurance, typically used in trade transactions.
Download
Bank Guarantee Contract
A U.S.-governed financial instrument where a bank guarantees payment to a beneficiary under specified conditions, subject to federal banking regulations.
Download
Bank Guarantee Loan
A U.S.-governed agreement establishing terms for a bank-guaranteed loan, including payment obligations and security arrangements.
Download
Stand By Lc Bank Guarantee
A US-governed bank-issued guarantee providing payment assurance to beneficiaries under specified conditions, regulated by UCC Article 5.
Download
Guarantee Letter Payment
A U.S.-governed legal document where one party guarantees payment to another party under specified conditions.
Download
Letter To Bank For Confirmation Of Bank Guarantee
A formal request document used in the U.S. banking system to verify and confirm the authenticity and validity of an existing bank guarantee.
Download
Bank Guarantee SBLC
A US-governed financial instrument issued by a bank providing payment assurance to beneficiaries under specified conditions.
Download
Bank Guarantee On Fd
A U.S. banking instrument where a bank guarantees payment to a beneficiary, secured by a fixed deposit account.
Download
Payment SBLC
A U.S.-governed bank-issued payment guarantee instrument that ensures payment to a beneficiary under specified conditions.
Download
Issuing Letters Of Credit And Guarantee
A US-governed banking document establishing terms for Letters of Credit and Guarantees, regulated by UCC Article 5 and federal banking laws.
Download
Counter SBLC
A U.S.-governed financial instrument providing a secondary guarantee backing an original Standby Letter of Credit, structured under UCC Article 5 and banking regulations.
Download
Counter Guarantee Bond
A U.S.-governed financial instrument where one party provides a guarantee to support a primary guarantee issued by another institution.
Download
Government Guarantee Banks
A U.S.-governed agreement where a government entity provides guarantees to banking institutions, establishing terms and conditions under federal and state banking laws.
Download
Cash Deposit Guarantee
A U.S.-governed financial instrument where a bank guarantees payment of a specified sum related to a cash deposit.
Download
Bank Warranty Letter
A U.S.-regulated bank-issued guarantee document providing financial security to a beneficiary under specified conditions.
Download
Bank Guarantee For Purchase Of Goods
A U.S.-compliant financial instrument where a bank guarantees payment to a seller for goods purchased by a buyer.
Download
Guarantee Cancellation Letter To Bank
A formal request to terminate a bank guarantee under U.S. banking regulations.
Download
Unconditional Irrevocable Bank Guarantee
A US-compliant financial instrument issued by a bank providing absolute payment guarantee to a beneficiary upon demand, governed by UCC Article 5.
Download
Sovereign Bank Guarantee
A U.S.-governed financial instrument issued by a sovereign bank providing payment assurance to beneficiaries under specified conditions.
Download
Government Bank Guarantee Amount
A U.S.-governed financial instrument where a bank guarantees payment of a specified amount on behalf of a government entity.
Download
Government Backed Bank Guarantee
A US-regulated financial instrument where a bank guarantee is supported by government backing, providing enhanced security for major financial commitments.
Download
Export Working Capital Guarantee
A U.S.-governed guarantee instrument that provides assurance to lenders financing exporters' working capital needs.
Download
Company Guarantee Letter With Bank Endorsement
A U.S.-compliant financial instrument combining a company's guarantee with bank endorsement, providing enhanced security to beneficiaries.
Download
Bank Medallion Guarantee
A U.S.-specific financial document that provides authenticated verification for securities transfers, backed by financial institutions under SEC regulations.
Download
Bank Guarantee Text
A US-regulated financial instrument where a bank commits to pay a specified sum to a beneficiary under defined conditions.
Download
Bank Guarantee Term Deposit
A U.S.-governed agreement combining a fixed-term deposit with a bank guarantee, providing security for both depositor and beneficiary.
Download
Bank Guarantee Tenor
A U.S.-governed banking instrument that specifies the duration and terms of a bank's guarantee commitment to pay a beneficiary upon valid demand.
Download
Bank Guarantee Statement
A U.S.-compliant financial instrument issued by a bank, guaranteeing payment or performance to a beneficiary under specified conditions.
Download
Bank Guarantee Security
A U.S.-governed financial instrument where a bank guarantees payment or performance to a beneficiary on behalf of a principal.
Download
Bank Guarantee Property Purchase
A U.S.-compliant bank guarantee document securing payment in property transactions between buyers and sellers.
Download
Bank Guarantee Maturity
A U.S.-governed document specifying the terms and conditions for the expiration of a bank guarantee, including maturity date and final settlement procedures.
Download
Bank Guarantee In International Trade
A U.S.-governed financial instrument issued by a bank to guarantee payment or performance in international trade transactions.
Download
Bank Guarantee Against Property
A U.S. legal instrument where a bank provides a guarantee secured by real estate property as collateral.
Download
Bank Deposit Guarantee Amount
A U.S.-compliant legal agreement establishing a bank's guarantee of specified deposit amounts beyond standard FDIC coverage.
Download
Bank Guarantee Investment
A U.S.-governed agreement where a bank guarantees specified investment obligations, providing security to the beneficiary under federal and state banking laws.
Download
Bank Guarantee Facility
A U.S.-governed agreement establishing terms for a bank to issue multiple guarantees up to an agreed limit.
Download
Loan Against Bank Guarantee
A U.S.-governed agreement enabling borrowers to obtain loans using bank guarantees as collateral, subject to federal and state banking regulations.
Download
Guarantee Letter For Bank Loan
A U.S.-compliant legal document where a guarantor commits to repaying a bank loan if the primary borrower defaults.
Download
Bank Financial Guarantee
A U.S.-governed financial instrument where a bank guarantees payment to a beneficiary if a principal defaults on specified obligations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)