“there's a few different types of bonds performance bond bid bonds”

Name: there's a few different types of bonds performance bond bid bonds
Description: Walks the bid-bond process end to end and lands on protecting the owner's financial interest if the contractor backs out. Self-contained how-it-works.

— Ryan Brady · Intact Insurance (Surety Division) / Intact Financial Corporation

Walks the bid-bond process end to end and lands on protecting the owner's financial interest if the contractor backs out. Self-contained how-it-works.

Full episode at 4:55 Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety) ▸

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THE LESSON THIS CLIP CARRIES

The bid bond is the most critical underwriting moment: once the surety backs you for a bid, it is on the hook if you win and walk away.

“the bid bond for us is probably the most important time because that’s when you’re doing all your vetting”

More lessons like this ▸

THE CHAPTER IT LIVES IN

Surety 101: Insurance vs. Surety and How Bonds Work

3:23

Clips like this, every two weeks.

SOURCE: 4:55 of Construction Bonds Explained: How Surety Pre-Qualification Works in Atlantic Canada (Intact & FCA Surety)