2026-28 Electric Infrastructure Reconducts · Bonds
What this bid asks for in bonds.
From the documents the City of Covington posted, in its own words, with the page.
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Bid bond
5%
Required
BONDS: All bids must be accompanied by a Bid Bond in an amount not less than five percent (5%) of the Base Bid.
Electric Infrastructure Reconducts RFP.pdf, page 5 · copied Oct 28, 2026
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Performance bond
100%
Required
Performance Bond and Payment Bond, each in the amount of one hundred percent (100%) of the contract amount, will be required of the successful bidder …
Electric Infrastructure Reconducts RFP.pdf, page 5 · copied Oct 28, 2026
-
Payment bond
100%
Required
Performance Bond and Payment Bond, each in the amount of one hundred percent (100%) of the contract amount, will be required of the successful bidder …
Electric Infrastructure Reconducts RFP.pdf, page 5 · copied Oct 28, 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.