2026 Update:  SBI's legacy as a trustworthy surety bonding agency will continue under new management and ownership. Adam Schalde brings years of surety industry experience and a passion for helping clients succeed. Learn More >

Surety Bonds Logo
LET'S TALK!

Bid Bonds

Surety Bonds Inc. is Ohio's premier surety bonding agency REPRESENTING OHIO’S FINEST CONTRACTORS SINCE 1978

BID BONDS

In the case of heavy construction projects and heavy highway projects, the obligee requiring a surety bond is usually a government body, such as a federal, state, or local municipality. The obligee will determine the bond amount, however, a surety company analyzes the risk of the contractor (ability to pay and likelihood of causing a claim) and measures their bonding capacity. Once a surety company bonds a contractor, the obligee knows that they are insured against a loss.

Bid bonds are surety bonds which are used as security on bids submitted on a contract. Bid bonds guarantee that if a contractor is awarded a contract, he or she will execute the contract at the bid price. They also ensure the bid is accurate and that the surety company will write a performance and payment bond if necessary.

Get your free quote

Quote Form

we make it easy, get started with a free quote

Get your free quote

Client Testimonials

  • “Since starting my business in 2004, I have worked with Mark and the staff from Surety Bonds closely. As a heavy highway construction company, we are required to follow strict guidelines for bonding. Surety Bonds has always taken care of bonding with no worries and stress on my end. The office staff is very helpful and Mark is there whenever we need him. As my business has grown over the last 11 years, Surety Bonds has been there for us. It’s a great feeling having a family relationship with a company that will look out for you and your interests. I look forward to many more successful years with Surety Bonds.”

    Brandie Scott, President, BUDS Inc.

  • “Gayle is a seasoned bond professional with a balanced approach and skill set that includes strong customer focus and proficient underwriting acumen. Gayle leads and counsels clients through sound advice on how to build relationships with surety underwriters and maximize their surety programs. She has been a reliable “go to” producer for the WesExpress program since its inception in 2014.”

    Michael D. Hickey, CPCU & AFSB WesExpress Program, Westfield Insurance

  • “Mark Drengler and the staff at Surety Bonds & Insurance are experienced, professional and committed to providing a high level of quality service to their surety clients. Throughout Westfield’s history, the quality of independent agents has always been an asset, an advantage and a benefit to customers. Westfield’s relationship with Mark spans over 25 years, which is a testament to the strong emphasis he places on fostering long-term business relationships with his clients and business partners.”

    Frank Moulos, Regional Surety Leader, Westfield Group

  • “We have enjoyed a great relationship with Surety Bonds through three generations of the Miller family. Their timely, high quality work along with their professional support and attention to detail make Mark and his team more than just a surety broker. They have been a true partner in the growth and success of our company. They are a great benefit to us as the navigators in the ever changing construction market.”

    Bradley D Miller, President, Miller Bros. Construction Inc.

Contact Surety Bonds Inc.

Contact Form Footer

HOME OFFICE
SURETY BONDS INC.
7540 Sawmill Pkwy., Suite D
Powell, Ohio 43065
Phone: 614-761-2700
Fax: 614-761-8730
BRANCH OFFICE
D&M SURETY
Toledo, Ohio
Phone: (419) 350-2221
Fax: (888) 350-4454