Form 1822-3 Bid Bond

What Is Form 1822-3?

This is a legal form that was released by the U.S. Department of the Interior - Bureau of Land Management on September 1, 2019 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 1822-3 Bid Bond?
A: Form 1822-3 Bid Bond is a document used in the bidding process for construction projects.

Q: What is the purpose of Form 1822-3 Bid Bond?
A: The purpose of Form 1822-3 Bid Bond is to provide financial assurance to the project owner that the bidder will enter into a contract if awarded the project.

Q: Who uses Form 1822-3 Bid Bond?
A: Both contractors and subcontractors may be required to submit a Form 1822-3 Bid Bond as part of the bidding process.

Q: What does the Form 1822-3 Bid Bond include?
A: The Form 1822-3 Bid Bond typically includes details such as the project name, bid amount, and a statement of the bidder's financial capability to fulfill the contract.

Q: Is Form 1822-3 Bid Bond a legally binding document?
A: Yes, Form 1822-3 Bid Bond is a legally binding document that establishes a financial guarantee between the bidder and the project owner.