What Is a Tennessee Protest Bond?
A Tennessee protest bond is required for any person objecting to one of the following:
- A solicitation
- An award
- A proposed award of a public procurement contract
The Tennessee Central Procurement Office requires this bond as financial security for the duration of the protest process.
How Much Do Protest Bonds Cost?
Tennessee protest bonds cost a small percentage of the required coverage amount. Exact rates vary based on personal credit score.
Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Tennessee protest bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the state as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Tennessee Protest Bond Work?
A protest bond creates a legal contract between these three parties:
- Principal: You, the protesting party filing the bond
- Obligee: The Central Procurement Office requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Tennessee Code Ann. § 12-3-514.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
