Lambdin Hall chiller replacement · Bonds
What this bid asks for in bonds.
From the documents Gordon State College posted, in its own words, with the page.
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Bid bond
5%
Required
… be accompanied by a Bid Bond made payable to the Owner in an amount equal to not less than five percent of the Bid.
Invitation to Bid.pdf, page 1 · copied Nov 6, 2026
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Performance bond
100%
Required
Both a performance bond and a payment bond will be required, each in an amount equal to 100 percent of the Contract Sum prior to …
Invitation to Bid.pdf, page 1 · copied Nov 6, 2026
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Payment bond
100%
Required
Both a performance bond and a payment bond will be required, each in an amount equal to 100 percent of the Contract Sum prior to …
Invitation to Bid.pdf, page 1 · copied Nov 6, 2026
These are the agency's own sentences, found in the documents it posted. A bond not named here may still be required: read the documents, and ask the agency if they don't say. The agency's posting
We don't sell bonds
We show what the agency asks for. Any bond, its price and its terms are between you and a licensed surety company. You can use any licensed surety company you choose.