I've just tested and I'm able to place the bridge in all those situations myself, so it does seem to be a bug. You can test for yourself by building out several tiles away from any land and presumably it still won't be placeable. You can also try uninstalling all other mods to see how it should function. For us to fix it, we'd need to know what other mods you are using, either as a list or a save file that I can sync to.