27-024 Intersection Improvements · Bonds
What this bid asks for in bonds.
From the documents the City of Albany posted, in its own words, with the page.
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Bid bond
5%
Required
Zoom link: https://us06web.zoom.us/j/82317309352?pwd=lgwL0fR2kff9y8RiTuBl8ShVBwxuOW. l Meeting ID: 823 1730 9352 Passcode: 111562 A 5% Bid Bond is required of all bidders.
27_024_ITB_Intersection_Upgrades.pdf, page 1 · copied Oct 8, 2026
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Performance bond
100%
Required
100% Performance and Payment bonds will be required of the successful bidder.
27_024_ITB_Intersection_Upgrades.pdf, page 1 · copied Oct 8, 2026
-
Payment bond
100%
Required
100% Performance and Payment bonds will be required of the successful bidder.
27_024_ITB_Intersection_Upgrades.pdf, page 1 · copied Oct 8, 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.