PHONE248-349-6227
FAX248-348-6762
When evaluating a contractor for a surety bond, underwriters focus on three key factors known as the Three C’s: Character, Capacity, and Capital. Together, these help determine how likely a contractor is to successfully complete a project without the surety having to step in. Character: Your Reputation and Track Record Character reflects your reputation, experience,…
Read more
Construction and roadwork remain among the most hazardous industries in the United States. From heavy equipment and roadway traffic to changing weather conditions and physically demanding work, contractors face risks every day. While no jobsite can eliminate every hazard, a proactive safety and health management program can significantly reduce workplace injuries, improve productivity, and help…
Read more
The Producer Price Index (PPI) for inputs to new nonresidential construction increased 1.7% in April and rose 6.6% compared to April 2025, according to recent data analyzed by the Associated General Contractors of America (AGC). Rising material prices continue to place financial pressure on contractors, developers, and construction companies throughout Michigan and surrounding states. Increases…
Read more
In today’s fast-moving construction and business environment, timing is everything. Whether you’re bidding on a new project, securing a license, or meeting contractual requirements, having the right bond in place—quickly—can make all the difference. Delays in bonding can mean missed opportunities, stalled projects, or compliance issues that impact your bottom line. Construction Bonding Specialists, LLC…
Read more
Spring marks the start of a busy season for contractors across Michigan. For those involved in utility, highway, civil, transportation, federal, heavy, and building construction, proper preparation is essential to stay on schedule, maintain compliance, and secure the right bonding before projects ramp up. Planning for Utility and Infrastructure Work Spring is a key season…
Read more
The construction industry is heading into 2026 with a mixed outlook, according to the 2026 Construction Hiring & Business Outlook survey released by the Associated General Contractors of America (AGC) and Sage. While some sectors continue to show strong demand, overall contractor confidence has softened compared to last year. Contractors reported fewer bidding opportunities overall,…
Read more