Maine Bid Bond
What it is & who requires it
A contractor submitting a bid on a Maine public-works project — for MaineDOT, the Bureau of General Services, or a municipality / quasi-municipal authority — where the contracting authority requires bid security. It guarantees the bidder will enter the contract and furnish the required performance and payment bonds if awarded.
Obligee: Maine public owners (MaineDOT, the Bureau of General Services, and political subdivisions / quasi-municipal corporations letting public-works contracts). Citation: 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.
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
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.
Term & renewal
Term: Per the bid/proposal — released when the contract is awarded and the performance/payment bonds are furnished, or the bid is rejected.
Renewal: Per-bid (single project).
Filing
This bid security is filed with the Maine public owner letting the work — MaineDOT, the Bureau of General Services, or a municipality or quasi-municipal authority. It is required when the contracting authority directs, under 14 M.R.S. §871 (Public Works Contractors’ Surety Bond Law of 1971). Because the amount is a percentage of your bid set by the soliciting owner, the bond is listed and the exact amount is confirmed when you apply. It is written per bid for a single project.
Source
This bond requirement is corroborated by multiple public sources; Maine public owners (MaineDOT, the Bureau of General Services, and political subdivisions / quasi-municipal corporations letting public-works contracts) sets the exact amount, which we confirm when you start your bond.
Related Maine bonds
Frequently asked questions
- Who requires the Maine Bid Bond?
- It’s required by Maine public owners (MaineDOT, the Bureau of General Services, and political subdivisions / quasi-municipal corporations letting public-works contracts) (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). A contractor submitting a bid on a Maine public-works project — for MaineDOT, the Bureau of General Services, or a municipality / quasi-municipal authority — where the contracting authority requires bid security. It guarantees the bidder will enter the contract and furnish the required performance and payment bonds if awarded.
- How much is the Maine Bid Bond?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Maine Bid Bond?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Per the bid/proposal — released when the contract is awarded and the performance/payment bonds are furnished, or the bid is rejected. Renewal: Per-bid (single project).
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
