Assertion: bid guarantee | /r/HasProperty | a form of security
Facets:
Source sentences:
text: Bid Guarantee is a form of security assuring that the bidder will not withdraw a bid within the period specified for acceptance and will execute a written contract and furnish required bonds, including any necessary coinsurance or reinsurance agreements, within the time specified in the bid, unless a longer time is allowed, after receipt of the specified forms.