Is your Colorado contracting or construction business bidding on a project in Jefferson County? If yes, you will need a bid bond to secure your bid if the project cost is over a certain amount. This will be clearly stated in Jefferson County’s request for proposal. Our local Colorado insurance and bonding agency can help you obtain the bid bond to secure the bid. Once you are awarded the bid the bond automatically transfers to a payment and performance bond to cover your work for the county and through the maintenance period once the project is completed.
The process for obtaining a bid bond can take some time. Please reach out to us a few weeks before you consider bidding on any municipal or county job in Colorado. Ideally, we can help to prequalify you for bonding in Colorado. The prequalification will allow you to know what the maximum dollar amount of bonded jobs your company can perform in a year or maximum for one job within that year. The process of obtaining a job specific bond or prequalification is essentially the same. The only difference is the application would not have details of a specific job. Prequalification is the ideal way for your company to start working on bonded jobs for Jefferson or any other county or municipality in Colorado.
We will need the following to start the process:
- Application filled out and returned
- Personal financials
- Business financials (balance sheet and income statement)
Please contact us today to start the bonding process. We are looking forward to it.
Please follow the links below for more on bonding in Colorado:
Thank you for the opportunity.
The Orcutt Group Team