The State of Tennessee has enacted Senete Bill 4170 which requires a protest bond in order to protest or stay an awarded contract. The protest bond is required to be 5% of the lowest bid evaluated, though if the lowest bid is below one million dollars minority/small businesses may petition for an exemption from the protest bond requirement.
For those that are required to obtain a protest bond, the bond its self is payable to the State of Tennessee.
Category: Contract Bonds, HomepageComments (0)
Our state by state Auto dealer guide has been updates to include additional information such as the Obligee name and address, specific state required expirations dates for their dealer bond, and information on the latest bond form.
In additon to this Bryant Surety Bonds now has an additional market for High Risk Auto Dealers which allows us to approve even applicants.
Category: Bad Credit, Homepage, MVDComments (0)
