Ohio Public Works Bid Guaranty Bond
What it is & who requires it
Any contractor submitting a bid on an Ohio public improvement contract that requires a bid guaranty.
Obligee: State of Ohio, or the political subdivision, district, institution, or agency soliciting the public improvement bid. Citation: ORC 153.54(A)(1)-(A)(2); bid bond form ORC 153.571.
Bond amount
A bidder files either (1) a bid guaranty bond for the full amount of the bid, or (2) a certified check, cashier’s check, or letter of credit equal to ten per cent of the bid (ORC 153.54(A)). The bid-bond penal sum equals the full bid amount.
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: Single bid event; expires on award/execution or rejection
Renewal: Not applicable (single-bid instrument)
Filing
Filed with your bid to the State of Ohio or the political subdivision soliciting the public improvement bid; it covers a single bid event and expires on award or rejection. Required under ORC 153.54(A), on the bid guaranty form prescribed by ORC 153.571, with the penal sum equal to the full amount of the bid including alternates.
Source
Verified against the obligee source (last checked 2026-06-05).
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Frequently asked questions
- Who requires the Ohio Public Works Bid Guaranty Bond?
- It’s required by State of Ohio, or the political subdivision, district, institution, or agency soliciting the public improvement bid (ORC 153.54(A)(1)-(A)(2); bid bond form ORC 153.571). Any contractor submitting a bid on an Ohio public improvement contract that requires a bid guaranty.
- How much is the Ohio Public Works Bid Guaranty Bond?
- A bidder files either (1) a bid guaranty bond for the full amount of the bid, or (2) a certified check, cashier’s check, or letter of credit equal to ten per cent of the bid (ORC 153.54(A)). The bid-bond penal sum equals the full bid amount.
- How do I get the Ohio Public Works Bid Guaranty 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?
- Single bid event; expires on award/execution or rejection Renewal: Not applicable (single-bid instrument)
- 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?
- We verify it against the obligee’s primary source (last checked 2026-06-05); the source link is on this page.
