ACORD 34: Bid Bond
ACORD 34 is used when submitting a bid bond as part of a contract proposal, guaranteeing the bidder will honor its bid.
How to fill out ACORD 34
What your insurance producer enters in each section, and why it matters.
Principal Information
Enter the bidding contractor’s legal business name and address.
Obligee Information
Enter the project owner or entity requiring the bond.
Bond Amount
States the penal sum of the bond, typically a percentage of the bid amount.
Surety Signature
Signed by an authorized representative of the surety company issuing the bond.
The mistake that actually matters
Submitting the bond with a mismatched bid amount or missing surety signature is a common reason bids are disqualified.
Where to submit this form
Submitted with the bid package to the project owner or obligee.
Frequently asked questions
What happens if I win the bid?
You’ll typically need to submit a performance bond and payment bond to proceed with the contract.
Daniel Whitfield
Daniel researches and writes about ACORD insurance forms and commercial insurance documentation, helping agents, brokers, and business owners understand what each form requires and how to complete it correctly.
This site is not affiliated with, endorsed by, or sponsored by ACORD LLC. ACORD® is a registered trademark of ACORD Corporation. This guide is for informational purposes only and is not legal or insurance advice.