In depth
A bid bond (or earnest money deposit) deters frivolous bids and protects the buyer if a winner backs out. It is refunded to unsuccessful bidders.
Bid bond / EMD
A deposit or guarantee that keeps a bidder committed to their offer; forfeited if they withdraw or refuse to sign.
How Bid.Guide helps
Bid.Guide lists bid-bond/EMD requirements per tender so nothing is missed at submission.
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