Home > Surety Bonds By City > Pittsfield Township, MI

Pittsfield Township, MI Surety Bonds

For some of the best premiums on our next surety bond call Pro Surety Bond. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds. Call the Pittsfield Township Surety Bond Pros at 800-314-7003 ! We know you're busy and won’t waste your time. Call the Pittsfield Township Surety Bond Pros at 800-314-7003!

A Pittsfield Township Surety Bond Representative You Can Trust

Call 800-314-7003! What is a surety bond? A surety bond financially establishes accountability for a contractually obligated task. If you’re a liquor wholesales in the state of Michigan, you agree to adhere to the regulations of that industry, or risk fines. Since it’s the government, you also need to guarantee that these fines can be paid, and the usually method used is the surety bond. Surety bonds have another, psychological, effect: they gently encourage you to do business in an honest manner so you don’t get any fines in the first place. Sureties are more than willing, if your financials are in good order, to take on the task of standing in for you to pay any claims, but only on the condition that you repay them for those claims. It’s the way they keep surety bonds inexpensive. Pro Surety Bond has over 25 years of combined industry experience. Call even if you have misgivings about getting a surety bond at a reasonable price with poor credit. Call 800-314-7003!

Bidding Opportunities in Pittsfield Township

If you are bidding on public projects for the City of Pittsfield Township you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.

Click Here for Bidding Opportunities for the City of Pittsfield Township

6201 W. Michigan Ave. Ann Arbor, MI, 48108-9721

Phone: 734.822.3101

Map to Finance Department

The Community Of Pittsfield Township, Michigan

Pittsfield Township is a community in Washtenaw County and it is the 51st most populous in the state of Michigan. Pittsfield Township was created out of Ann Arbor Township, and records show that the name was suggested by one Ezra Carpenter, though it did not become a township proper until 1972. In 2017, Pittsfield township was named the 8th best suburb in Michigan, by niche.com. It received an A+ rating based on low crime, great public schools, reasonable cost of living, and availability of local amenities.

How do commercial bonds work? Commercial bonds are one of the categories of surety bonds, and the operate in a number of ways. Some cover the government when a business collects money for it. Examples include tax bonds and lottery bonds. Other commercial bonds protect the public, as you would find in auto dealer bonds. Commercial bonds also cover parties in broker style transactions, to guarantee that the parties involved see their money; this type of bond would include mortgage brokers, insurance brokers, freight brokers, even travel agents.  Call the Pittsfield Township Surety Bond Pros Today at 800-314-7003!

What is the difference between a surety bond and a letter of credit? Letters of Credit or LoCs are considered by many to be a valid alternative to surety bonds, but they have some drawbacks. One problem lies in the fact that LoCs are issues by banks, who are not in the guarantee business, and frankly don’t want to be. Despite the name, LoCs are not really credit, because they have to be secured by collateral, and that can eat up a lot of capital you need to run your business.

Pittsfield Township Surety Bonds Provide Security You Need

Surety bonds on the other hand, are issued (usually) only on the condition that the principal (the party being issued the bond) have good credit. The irony is inescapable. Letters of credit need to be collateralized, whereas surety bonds are issued according to the financial strength of your company. If you have a claim against the bond, the surety will advance credit your way to pay the claim, which means that you have to reimburse the surety, but at least you can rest well knowing that the surety bond is not a mark against your credit. Give us a call at 800-314-7003.

Related Links:

There are literally thousands of different Surety Bonds to guarantee the performance of businesses and individuals. The following list of are the bonds we most commonly see.