A company is seeking to submit a bid of $100 million for a contract. It is required to post a bid bond in the amount of 10% of the bid amount. The contract will be awarded to a preferred bidder in 30 days. The winning bidder will then have to post a performance bond in the amount of 25% for a term of 3 years. You are the underwriter. Describe your thought process. A company is seeking to submit a bid of $100 million for a contract. It is required to post a bid bond in the amount of 10% of the bid amount. The contract will be awarded to a preferred bidder in 30 days. The winning bidder will then have to post a performance bond in the amount of 25% for a term of 3 years. You are the underwriter. Describe your thought process