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I’ve submitted bid bonds on bigger projects.
City, state, etc. are required to hold open bids for funded projects. Bid bonds are no big deal, it’s just a way for them to screen the pretenders.
They will hold the check, and if they cash it you have recourse (unless it’s in the contract) to charge them interest for the funds.
Won’t happen, though, unless you attempt to screw them over.
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