A bid bond is a type of surety bond that guarantees a contractor will honor their bid and enter into a contract if awarded a project. Commonly required on public works and commercial construction projects, bid bonds help protect project owners from financial loss if a contractor backs out after winning a bid. This guide explains how bid bonds work, who needs them, how much they cost, and how contractors can qualify.

Getting your first contracting job can feel challenging, but most new contractors land their first project through networking, referrals, local online visibility, and smaller starter jobs. This guide explains how to build trust, market your services, use Google and Facebook, and turn one customer into many more. Learn the fastest ways to get your first contracting job and start growing your business.