What is “Missed Bid Endorsement”?

“Missed Bid Endorsement” is an endorsement exclusive to the construction industry.

Written by Madita Sauer
Updated over a week ago

The Missed Bid Endorsement is an endorsement that’s available only to the Construction industry. It provides coverage for the net profit before taxes and interest that the insured could have reasonably earned or net loss that the insured could have reasonably avoided due to a missed bid or request for proposal (RFP), and the costs of retaining a forensic accountant to determine such amount.

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