Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Bid_bond> ?p ?o. }
Showing items 1 to 22 of
22
with 100 items per page.
- Bid_bond abstract "A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to in hopes guarantee that the winning bidder will undertake the contract under the terms at which they bid.The cash deposit is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that should the bidder be successful, the bidder will execute the contract and provide the required surety bonds.A Bid Bond of amount not above 10% of the contract order total amount is deposited when a contractor, or the “supplier”, is bidding on a tendered contract.The Bid Bond prequalifies the principal and provides the necessary security to the owner or general contractor, or “oblige”, guaranteeing that the principal will enter into the contract, if it is awarded.A Bid Bond guarantees that the “oblige” will be paid the difference between the principal's tender price and the next closest tender price. This action is only triggered should the principal be awarded the contract but fails to enter into the contract, as agreed, with the obligee. The bid bond penalty is generally ten percent of the bidder's tender price. Contractors prefer the use of Bid Bonds because they are a less expensive option and they do not tie up cash or bank credit lines during the bidding process. Owners and general contractors also use Bid Bonds because they establish and confirm that the bidding contractor or supplier is qualified to undertake the project.".
- Bid_bond wikiPageID "19593204".
- Bid_bond wikiPageRevisionID "600776542".
- Bid_bond hasPhotoCollection Bid_bond.
- Bid_bond subject Category:Bonds_(finance).
- Bid_bond type Attraction111426530.
- Bid_bond type Bonds.
- Bid_bond type ChemicalBond111436283.
- Bid_bond type Force111458624.
- Bid_bond type NaturalPhenomenon111408559.
- Bid_bond type Phenomenon100034213.
- Bid_bond type PhysicalEntity100001930.
- Bid_bond type PhysicalPhenomenon111419404.
- Bid_bond type Process100029677.
- Bid_bond comment "A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to in hopes guarantee that the winning bidder will undertake the contract under the terms at which they bid.The cash deposit is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds.".
- Bid_bond label "Bid bond".
- Bid_bond sameAs m.04n16qc.
- Bid_bond sameAs Q4903973.
- Bid_bond sameAs Q4903973.
- Bid_bond sameAs Bid_bond.
- Bid_bond wasDerivedFrom Bid_bond?oldid=600776542.
- Bid_bond isPrimaryTopicOf Bid_bond.