How long should my bid surety bond be in effect?

Bid surety bonds must remain in full force and effect until they are either collected by CMS due to forfeiture or the liability is returned for not meeting forfeiture conditions. The bid surety bond liability will be returned to the bidding entity within 90 days of the Round 2021 public announcement of contract suppliers. That announcement date has not yet been determined, but will be in the fall of 2020, prior to January 1, 2021, when Round 2021 contracts become effective.