Idaho Surety Bonds

Idaho Construction & Contractor Bonds

The state of Idaho has passed legislation—the Public Contracts Bond Act—that requires contractors to meet certain bonding requirements before being allowed to bid or work on publicly-funded construction projects. Municipalities may impose similar bonding requirements for local public works projects. Performance bonds and payment bonds are most commonly required, in an amount equal to 85% of a contract’s total value.

Idaho Court Bonds

Idaho’s courts, at any level of the judicial system, sometimes require people with business before the court to purchase a surety bond. Plaintiff and Defendant bonds may be required from those appealing a court decision, particularly when contested property or large damage awards are involved. Additionally, anyone appointed to serve as executor of an estate, guardian of a minor, or any other fiduciary capacity may be required to purchase a probate bond.