Vermont Bid Bond
What it is & who requires it
A contractor submitting a bid on a Vermont public-works project — for VTrans, the Department of Buildings & General Services, or a municipality — that requires a bid bond (proposal guaranty). It guarantees the bidder will enter the contract and furnish the required performance and payment bonds if awarded.
Obligee: Vermont public owners (VTrans, Buildings & General Services, and municipalities letting public-works contracts). Citation: Vermont public-works competitive bidding — proposal guaranty / bid security (VTrans & BGS solicitations).
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
Filed with the Vermont public owner soliciting the bid — VTrans, the Department of Buildings & General Services, or a municipality — as the proposal guaranty on a public-works project. It is a single-project (per-bid) requirement, and the amount is a percentage of the bid set by the soliciting owner, so the bond is listed and the exact amount is confirmed when you apply. It sits alongside the performance and payment bonds furnished at award under 19 V.S.A. § 10.
Source
This bond requirement is corroborated by multiple public sources; Vermont public owners (VTrans, Buildings & General Services, and municipalities letting public-works contracts) sets the exact amount, which we confirm when you start your bond.
Related Vermont bonds
Frequently asked questions
- Who requires the Vermont Bid Bond?
- It’s required by Vermont public owners (VTrans, Buildings & General Services, and municipalities letting public-works contracts) (Vermont public-works competitive bidding — proposal guaranty / bid security (VTrans & BGS solicitations)). A contractor submitting a bid on a Vermont public-works project — for VTrans, the Department of Buildings & General Services, or a municipality — that requires a bid bond (proposal guaranty). It guarantees the bidder will enter the contract and furnish the required performance and payment bonds if awarded.
- How much is the Vermont 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 Vermont 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.
