Loan by signature
Cautions on contracts (Bid bonds, completion bonds, deposit refund caution and retention money caution).
Your activity consists in executing contracts (public or private). Generally, a series of guarantees are required from you. The bid bond is part of the documents to provide to build your file and participate in an invitation to tender.
Once you have been awarded the contract, the Project Owner wants to be sure that you will complete the contract. You will be asked to provide another completion bond. This bond will cancel the bid bond.