Category Archives: Uncategorized

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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The Construction Season Is Upon Us

Get 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 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.

While each of these bonds have specific criteria that has to be met to secure them, Construction Bonding Specialists, LLC knows what is needed up front to help expedite the process.  With our years of experience we know the best way to approach a surety to present a solid opportunity.  This is because we specialize in assisting contractors when any of these types of bonds are needed.  We can handle everything from simple/small bonds to more complex/larger bonds.  We’ve virtually seen it all.

The specialists at Construction Bonding Specialists, LLC can assist you with your application(s) today. Call or visit our website to learn more information.

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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Your Bond Department is Open

License & Permit Bonds • • Contract Bonds
Motor Vehicle Dealer • • Release of Lien
Appeal Bonds • • Mortgage Broker
Wage & Fringe Benefit • • Standard Markets
Right-of-way Bonds • • Bid, Performance, and Payment Bonds
Visit our website bondingspecialist.com for more information, or call (248) 349-6227
BONDS ARE ALL WE DO!
With over 20 years of experience in the bonding industry, we can handle virtually all of your
construction and miscellaneous bonding needs:

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STOP Hunting for Surety Bond Support

END OF YEAR PLANNING  WHY IS IT IMPORTANT FOR CONTRACTORS?

This is the perfect time of year, BEFORE Tax Season, to discuss or review bonding lines and possibilities.  It’s also where Construction Bonding Specialists, LLC can help.

  • If a contractor is looking to grow and will be doing more bonded work a strategic meeting NOW can significantly help them in the future.
  • Taxes will be coming due and the way that a contractor approaches their End of Year can directly affect how a Surety will look at them.
  • Now is the time to talk about bonding even with a contractor that doesn’t do a lot of bonded work.  Demystifying the process now will help them be more effective later.

DON’T HESITATE LET’S DISCUSS HOW BONDS CAN  HELP YOU GROW

MISCELLANEOUS BONDS

Listed below are just a few of the Miscellaneous Bonds that we can process for you: 

  • ICC Broker Bonds
  • Non-Vessel Operator Common Carrier (NVOCC) Bonds
  • Federal Maritime Commission (FMC) Bonds
  • DMEPOS Bonds (there is a new requirement for Dentists)
  • Release of Lien Bonds
  • Customs Bonds

BONDS ARE ALL WE DO!

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September Newsletter

Fall is certainly knocking on our door and with that there is a push to wrap up jobs.  Once all of the current jobs are finished oftentimes Municipalities and Schools find “surplus” monies that need to be spent prior to the years end.   Let us help make sure you’re ready to capitalize on these situations.

Final Consents of Surety

Its September, school is back in session and jobs for the schools are wrapping up.  Oftentimes a Final Consent of Surety is required by the Obligee.  If you are in need of a Final Consent of Surety here is the process to secure one:

  1. Forward the name and contact information of the person that Is overseeing the job.
  2. A Status Report is sent to this individual to have it completed.
  3. Once this Status Report is completed and returned to us, it will be reviewed for approval to issue the Final Consent.
  4. If there have been change orders the surety will bill for the additional exposure!  Always be aware of this and be sure to include your bonding cost when quoting change orders.
  5. Once the Surety approves it the Final Consent it will be issued.

DON’T FORGET:  Keep an eye out for additional opportunities that may arise and require a Bid Bond or Performance and Payment Bond.

Submissions Email

Please help us process your requests quicker by utilizing the following email for them:

                  Submissions@bondingspecialist.com

This email will help assure that your request will receive the same, if not faster, attention that you have always received.  The email is monitored all day, every business day.  

Please make a note in your records and help us take great care of all of your bonding needs.

“Bonds Are All We Do!”

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