How the ESB BAP Works
There are four key steps for firms that are interested in using the ESB BAP:
- Review eligibility criteria and submit BAP Application
- Complete Lockton SCORE assessment and Program Orientation
- Identify a project opportunity (up to $3M); request percent guarantee from CDOT and sign Irrevocable Letter of Credit (ILOC)
- Prepare and submit your bid
If you are identified as the Lowest Apparent Bidder, you will provide a Bonding Letter from the Surety and the completed ILOC to meet the bonding requirements in the contract.