Finance & Investment Tips : What Is a Bid Bond?

844 views · Published 16 November 2008 · 1:31 · Indexed 20 September 2026

Channel: ehow · 2008 · Howto & Style

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Bid bonds are used by municipalities to insure a contractor won't overcharge for a project, like a school or hospital; they also keep people from underbidding jobs and changing the rules later. Understand how bid bonds are used by insurance companies to ensure projects stay under budget with tips from a registered financial consultant in this free video on finance and investment.

Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC

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