All posts by cps

Class Is Back in Session – Get Your School Bid, Performance, & Payment Bonds Today!

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.   

At CBS, our specialty is to help you get the construction bonds you need. We’ll decipher the paperwork and make recommendations to place you on top!

Surety bonds are required for school districts to protect themselves and the taxpayers, ensuring the project’s successful completion and protection against claims. School bonds vary and have certain conditions that need to be met to secure them. Construction Bonding Specialists, LLC knows what is required to expedite the process. We have years of experience in the industry, giving us an advantage you can count on. Whether you need a simple bond or something more complex, our experts are ready to assist you today.

BONDS ARE ALL WE DO!

For more information about our bonds

visit our website or call 248-349-6227

At Construction Bonding Specialists, we work with new and experienced contractors to find the most satisfactory bond solutions. As a distinct surety-bond-only agency with decades of bonding experience, we work to discover bond solutions for all types of bond cases ranging from ordinary to challenging. Call us at 248-349-6227 or visit us at www.bondingspecialist.com today.

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Mortgage Broker Bonds

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 bond.

States are beginning to require that all mortgage broker bonds be electronically filed through the Nationwide Multi-State Licensing System (NMLS). Construction Bonding Specialists, LLC is a member of NMLS and can file these and many other financial institution bonds electronically for you! The process to get a Mortgage Broker bond starts with a simple application – once approved by the surety – we can create the bond within the NMLS system for you to sign electronically.

BONDS ARE ALL WE DO!

For more information about our bonds

visit our website or call 248-349-6227

Construction Bonding Specialists, LLC works with new and experienced contractors to find and solidify the most appropriate bond needed. We are a distinct surety-bond-only agency with decades of bonding experience. We’ll work with you to discover all the bonding solutions for any case, ranging from ordinary to challenging. 

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Contractor License Bond and Permit

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 specific jurisdiction. The bond solidifies that the leading contractor will deliver services in accordance with the city and state or municipality, such as adhering to building codes. If the terms agreed upon are not brought to fruition, the bond will pay the damages to the affected party.

Obtaining a Contractor License and Permit Bond can be confusing, and they require specific criteria in order to be authorized. However, Construction Bonding Specialists, LLC knows just what is needed to expedite your application. With years of experience, we know the most effective approach to gain a surety you can count on. Our team of experts specializes in helping contractors attain bonds – big or small. We’ve done it all!

To get rates for a Contractor License & Permit Bond, contact us today!

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BONDS ARE ALL WE DO!

At Construction Bonding Specialists, we work with new and experienced contractors to find the most satisfactory bond solutions. As a distinct surety-bond-only agency with decades of bonding experience, we work to discover bond solutions for all types of bond cases ranging from ordinary to challenging. Call us at 248-348-6762 or visit us at www.bondingspecialist.com today.

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Get your Bid, Performance, and Payment Bonds for Construction Season

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 school districts) to use private contractors for public construction projects, such as parks, freeways, and schools. With secured bonds in place, all parties involved are protected without affecting taxpayers.

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 Bonds offer assurance that the bonded contractor will perform according to all contract documents.
 
Payment Bonds
Payment bonds offers an assurance that the bonded contractor pays for all materials and labor associated with the documents related to the contract.

These bonds each require their own specific criteria to be attained. The process can be extensive; however, Construction Bonding Specialists, LLC knows just what is needed to expedite your application. With years of experience, we know the most effective approach to gain a surety you can count on. Our team of experts specializes in helping contractors retain bonds…large or small. We’ve done it all! Call or visit our website today to learn more.

For more information about our bonds visit our website or call 248-349-6227

At Construction Bonding Specialists, we work with new and experienced contractors to find the most satisfactory bond solutions. As a distinct surety-bond-only agency with decades of bonding experience, we work to discover bond solutions for all types of bond cases ranging from ordinary to challenging. Call us at 248-348-6762 or visit us at www.bondingspecialist.com today.

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