Alderman Lane and Parking Improvements (PE22217) · Bonds
What this bid asks for in bonds.
From the documents the City of Springfield posted, in its own words, with the page.
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Bid bond
10%
Required
1.4 BONDS Bids shall be accompanied by a bid bond or certified cashier’s check in an amount not less than 10% of the base bid.
00100_Advertisement to Bid_Alderman.pdf, page 1 · copied Nov 6, 2026
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Performance bond
100%
Required
Performance and Payment Bonds, each in an amount equal to 100% of the contract price shall be required of the successful bidder if contract is …
00100_Advertisement to Bid_Alderman.pdf, page 1 · copied Nov 6, 2026
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Payment bond
100%
Required
Performance and Payment Bonds, each in an amount equal to 100% of the contract price shall be required of the successful bidder if contract is …
00100_Advertisement to Bid_Alderman.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.