Meaning bid security
What does bid security mean? Here you find 2 meanings of the word bid security. You can also add a definition of bid security yourself

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bid security


Funds or a bid bond submitted with a bid as a guarantee to the recipient of the bid that the contractor, if awarded the contract, will execute the contract in accordance with the bidding requirements [..]
Source: nachi.org

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bid security


Funds or a bid bond submitted with a bid as a guarantee to the recipient of the bid that the contractor, if awarded the contract, will execute the contract in accordance with the bidding requirements of the contract documents.
Source: homebuildingmanual.com

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