Bid Bond and Insurance Services (Supplier Opportunity)

The contract requires the provision of a bid bond amounting to five percent of the proposed contract value, with the potential for subsequent performance and payment bonds to be issued upon award to the prime contractor. This solicitation is specifically for suppliers offering surety services to support subcontracting efforts under a government-related project managed by the Mississippi Department of Finance and Administration. The opportunity is classified as a subcontract under NAICS code 524126, which pertains to insurance agencies and brokerages, indicating that the services sought are insurance-based surety instruments rather than direct construction or delivery of goods. Interested parties must submit responses by the deadline of August 11, 2026, with no set-aside provisions specified, meaning the contract is open to all eligible vendors regardless of business size or ownership characteristics. All bonding activities are tied to the performance of a prime contractor awarded under the broader MPTAP initiative, and the place of performance is not defined in the public data, suggesting the obligation may extend across Mississippi depending on project location.