PHONE248-349-6227
FAX248-348-6762
Surety bonds are contracts between three parties: the principal, surety, and obligee. These bonds have many characteristics you might not know about. Read on to learn more about surety bonds. Ancient HistorySurety bonds are ancient, mentioned in the Code of Hammurabi (circa 1754 BC), the Bible, and the Quran. To construct buildings, walls, roads, etc.,…
Read more
To bid on construction work within a school district, those in the industry depend on obtaining a School Bid Bond to submit their application. Bidding on capital improvement projects for schools and municipalities is a well-known requirement. Payment, performance, and bid bonds are a core necessity of the surety bonds required by school districts. …
Read more
Spring season is upon us – get your mortgage broker bond today! All mortgage brokers must obtain a mortgage broker bond before they can get a license. They must post a surety bond to ensure compliance with state regulations governing mortgages. Companies that service loans or are loan originators are also required to secure a…
Read more
Obtain Your Contractor License & Permit Bond Individual municipalities across Michigan are required to obtain a Contractor License and Permit Bond before beginning construction. Contractors are expected (by state licensing boards and local municipalities) to file a bond to certify their work. A Contractor License and Permit Bond allows contractors to perform work within a…
Read more
Secure Bid, Performance & Payment Bonds for Public Construction Projects Nearly all public construction work in the United States is completed through private sector firms. Generally awarded to the lowest responsive bidder through a competitive bid system, surety bonds are essential in this process. Corporate surety bonds enable government sectors (states, cities, townships, schools, and…
Read more March 23, 2021Get Your Bid, Performance, or Payment Bond Now! Bid Bonds Bid Bond is a prequalification indicating that the contractor is bondable for the performance and payment bond should they be read low or chosen by an Owner/GC/CM that they will enter into the contract and provide a Performance and Payment Bond. Performance Bonds Performance…
Read more