The size of intergranular bonds significantly affects the macroscopic mechanical properties of geomaterials. A size-dependent bond contact model is desired in the distinct element method (DEM) for geomaterials formed by aggregates of bonded particles. This paper proposes an analytical solution of highly-precise stress fields of a biconcave bond between two identical disc-shaped particles under different loading paths based on Dvorkin’s solution. The Unified Strength theory is then introduced to obtain the initial failure domain in the bond. The proposed solution is consistent with results predicted by finite element simulations and experimental observations. The functions of bond stiffness with respect to all influencing parameters, i.e. bond width/thickness, particle radius and elastic parameters of bond material, are provided by the solution and empirically formulated by fitting a large number of analytical results. Additionally, the failure criterion or envelope under different combined loads is formulated for typical brittle bonds. The resulting failure criterion, approximated as an ellipsoid, depends on the size and material properties of the bonds. The proposed solution and equation can be implemented into a bond contact model used in DEM simulations of a geomaterial, where variation of bond sizes is significant and size-dependent contact model is important.