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Bonding and Financial Assurance Services

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State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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Transit Chicago is seeking qualified providers to supply performance and payment bonds for Tier I contractors working on projects valued up to $15 million and Tier II contractors on projects up to $5 million. The requirement is structured as a subcontract under NAICS code 524126, which pertains to surety bonding services, and is aimed at ensuring financial assurance for construction and infrastructure initiatives under the CTA umbrella. Bidders must respond by the deadline of August 13, 2026, at 8:30 PM, with the opportunity posted on June 29, 2026, and is accessible through the specified online platform. While the location of performance is unspecified, the services are expected to support projects within Illinois. The solicitation does not indicate a set-aside designation or point of contact, and interested parties should review the full details via the provided link to ensure compliance with bonding standards, surety qualifications, and contractual obligations tied to CTA project delivery.

General Info

Transit Chicago seeks surety bonding providers for Tier I and II contractor projects up to $15 million, due August 13, 2026.

Agency

Illinois → Transit ChicagoView Agency

NAICS

524126 - Direct Property and Casualty Insurance CarriersView NAICS

Place of Performance

IL, USA

Set-Aside

NONE

Documents

(0)

No documents available

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Timeline

Posted

subcontract

Response Deadline

Submission deadline

Response Deadline

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Organization & Contact Information

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AgencyIllinois → Transit Chicago
ContactsNo contacts available
OfficeN/A
Organization / Agency
Illinois → Transit Chicago
View Agency Profile
Office AddressN/A
ContactsNo contact information available

Full Description

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Provision of performance and payment bonds for Tier I ($15M) and Tier II ($5M) contractors on CTA projects.

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Same NAICS industry code

NAICS: 524126
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Performance Bond ProviderThe contract requires a performance bond provider to guarantee the satisfactory completion of a project under a subcontract arrangement, ensuring that all obligations outlined in the underlying agreement are fulfilled according to agreed terms. The bond serves as a financial safeguard for the project owner, mitigating risk in the event of contractor default or failure to deliver contracted services. The solicitation is open to qualified surety companies with experience in providing such guarantees, and responses must be submitted by July 30, 2026, at 1:00 PM. The North American Industry Classification System code 524126 indicates that this relates to insurance agencies and brokerages, specifically focusing on surety bonding services. This engagement is managed under the Community Development agency of Michigan, with no specific city or office address provided in the documentation. The performance location is not specified, suggesting the bond may apply broadly to any project under the agency’s jurisdiction, pending further contractual detail. There is no set-aside designation indicating preferences for small businesses, veteran-owned enterprises, or other categories, and no point of contact is listed within the posting. Interested parties must access the solicitation through the provided online portal to obtain additional terms, conditions, and bonding requirements necessary for submission.
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