How do I get a bid bond in Maine?

Request a quote with your project and company details. These bonds are individually underwritten, so a licensed producer follows up — they are not issued from an instant portal.

How is the bond underwritten?

The surety reviews your financial statements, your work program and experience, and your single-job and aggregate capacity. Stronger financials and relevant experience generally mean easier approval and better terms.

Is this bond insurance for me?

No. It protects the obligee and the people on the job — not you. If a valid claim is paid, you repay the surety.

Who is Wexford Bonds?

Wexford Bonds is the surety bond brand of Wexford Insurance, LLC, licensed in 48 states. We write Maine contract surety bonds.

Maine Bid Bonds

What a bid bond is

A bid bond backs your bid: it tells the project owner that if you are awarded the contract, you will enter into it and post any performance and payment bonds the project requires. If you win and walk away, the owner can claim against the bid bond. It protects the owner, not you.

When Maine requires one

Maine public-works bids commonly require a bid bond with the bid, and many private owners require one too, so every bidder has something at stake.

Maine Bid Bond — Maine public-works competitive bidding — bid security under 14 M.R.S. §871 (Public Works Contractors' Surety Bond Law of 1971), required when the contracting authority directs

How underwriting works

Unlike a license or permit bond, a bid bond is underwritten around a specific project. The surety looks at your financial statements, your work program and track record, and your single-job and aggregate capacity. There is no instant button — you request a quote and a licensed producer works the file with you.

Request a bond quote

Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.

Frequently asked questions

What are Maine bid bonds?: A bid bond backs your bid: it tells the project owner that if you are awarded the contract, you will enter into it and post any performance and payment bonds the project requires. If you win and walk away, the owner can claim against the bid bond. It protects the owner, not you.
When does Maine require a bid bond?: Maine public-works bids commonly require a bid bond with the bid, and many private owners require one too, so every bidder has something at stake.
How do I get a bid bond in Maine?: Request a quote with your project and company details. These bonds are individually underwritten, so a licensed producer follows up — they are not issued from an instant portal.
How is the bond underwritten?: The surety reviews your financial statements, your work program and experience, and your single-job and aggregate capacity. Stronger financials and relevant experience generally mean easier approval and better terms.
Is this bond insurance for me?: No. It protects the obligee and the people on the job — not you. If a valid claim is paid, you repay the surety.
Who is Wexford Bonds?: Wexford Bonds is the surety bond brand of Wexford Insurance, LLC, licensed in 48 states. We write Maine contract surety bonds.

Nate Jones, CPCU · Founder, Wexford Bonds

Nate Jones is a CPCU-designated surety bond producer and the founder of Wexford Insurance, LLC and Wexford Bonds. He places bonds through a panel of 10 sureties across 48 U.S. states. Call 317-942-0549 or email info@wexfordbonds.com.

Last updated July 11, 2026 · Reviewed by Nate Jones, CPCU · Contact a producer