Bid or Proposal Bond - 760

Back to 700 Series

ConsensusDocs 760 is a standard subcontract bid bond used to guarantee a subcontractor's proposal, suitable for both public and private construction projects.

Included in:

Full Package, Design/Builder Package, Sub Contracting Package

The ConsensusDocs 760 Subcontract Bid Bond is a standardized contract document designed to protect Constructors—such as general contractors, design-builders, construction managers, and builders—by ensuring that subcontractors submitting proposals will honor their bids if awarded the subcontract. This document is essential for projects that require a bid or proposal bond, providing a layer of financial assurance during the tender process.

This bid bond can be used for both public and private sector construction projects, helping mitigate the risk of subcontractors withdrawing or failing to perform after winning a bid. By using the ConsensusDocs 760, project owners and prime contractors gain confidence in the reliability of bidding subcontractors, knowing they are financially committed to the terms of their proposal.

The document aligns with industry best practices and is ideal for use in competitive bid environments where performance assurance and compliance are critical. It can be easily integrated into existing ConsensusDocs subcontract agreements, offering consistency, clarity, and fairness to all parties involved.

Whether you are managing complex infrastructure builds or commercial construction projects, the ConsensusDocs 760 provides the legal framework needed to streamline the subcontractor selection process while minimizing disputes and delays.

Purchase Options

See Below To Find Out Which Packages Include This Contract

Full Package

Best Value!

Owner

Design / Builder

Subcontracting

Design Pro

Consultant

Short Forms

Request a Sample Contract

Case Studies

Client Success Stories Using This Contract

Capital Park Family Health Center

The difficult economic climate has underscored the importance of carefully-crafted, industry-accepted standard form documents. In such a climate, some parties may try to overreach on terms and conditions, adopting a short-term, and hopefully, short-lived strategy that ultimately is counterproductive to their interests. ConsensusDocs forms demonstrate the contract practices that fairly balance interests, benefitting construction projects and participants. Such a resource is invaluable to the construction industry. NASBP believes that the new agreement form editions come at an opportune time to expedite and stabilize industry transactions.