Using a cashiers check in lei of bidder's bond

[haldenperry]

What is the difference between a Bid Bond and a Bidding Certified Check? I would like to know which is the better option, of the two ?

[garretallan]

If you obtain a bid Bond, then you and your Obligee are assured that you will be able to get a performance and payment bond if awarded a Project. In case you have no time for the bid bond, a certified check is a good option. You will be without those funds until the obligee awards the contract.