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(Updated 2017) Purchase Options

This standard bid bond form is to be used with the ConsensusDocs 200 and 500 families of documents. This standard performance bond form was developed and endorsed by SFAA and NASBP. This bid bond addresses the surety’s obligations as the guarantor to pay the Owner who is the obligee of the Constructor (aka builder, general contractor, design-bid-builder, construction manager). This is a short one-page document established the maximum amount promised by the surety as the bond sum or penal sum. This is considered an administrative contract document.

Purchase Options

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