what if you decide to withdraw your bid will you lose your bid bond

Ah, daring to dance on the wire of financial risk, are we? Well, typically, if you withdraw your bid before the contract is awarded, you may lose your bid bond. It's a type of security to ensure serious bidders.

Oh, I do enjoy a good plot twist... but back to your query, If the bid hasn't been accepted yet, then you are still technically in a safe zone. Again, this could depend on the terms mentioned in the bid bond documentation. You could potentially withdraw without penalty, but you should review your paperwork carefully.

The aftermath? Quite dramatic, isn't it? But to respond, if you lose your bid bond, it might not only result in financial loss but also credibility. If word gets around you're not following through with your bids, others may be less likely to trust you in future dealings. It's all a game of trust and deception, my dear agent.