Get your Maryland bid bond approved fast with Platinum Insurance — trusted local agents helping contractors secure bids and win projects statewide.
We work with top surety providers to find your best rate and guarantee compliance with Maryland MBE, SHA and local municipality requirements.
Don’t lose a project over paperwork. Get bonded today with Platinum Insurance.
A bid bond is a type of surety bond that guarantees a contractor will honor their bid and enter a contract if selected.
In Maryland, bid bonds are commonly required by public works agencies, cities, and counties before contractors can submit proposals.
You’ll need a bid bond if you’re:
Even smaller municipalities in Maryland now require bid bonds to verify contractor reliability and financial responsibility.
Most Maryland bid bonds are free or cost a small flat fee when paired with a performance bond.
If a premium applies, it’s typically 1% of the total bid amount or less — depending on your credit and project size.
Example:
A $250,000 project may have a $100–$250 bid bond premium for first-time applicants.
Established clients with strong credit often qualify for no-cost bid bonds.
We work with multiple A-rated sureties to help you secure the lowest possible cost.
Our streamlined application process helps contractors get bonded fast — often the same day.
Required information:
Need it urgently? We offer rush service for last-minute bid deadlines.
With over 25 years of bonding experience, Platinum Insurance helps Maryland contractors secure the surety they need to compete and win projects.
Apply now to get your bid bond issued in minutes.
Yes. Most Maryland public works and government contracts require bid bonds before your bid can be accepted.
In many cases, bid bonds are free when paired with a performance bond. Otherwise, rates start around 1% of the bid amount.
Yes! We have bonding programs for contractors with challenged credit or limited financial history.
Most Maryland bid bonds are issued within hours once your application is complete.
Yes, bid bonds are valid only for a specific bid and expire once the project owner awards or rejects the bid.
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Platinum Insurance provides Auto, Home, Contractors Liability, Surety Bonds, and Commercial Property Insurance.