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Southfield Township, MI Surety Bonds

The Best Surety Bond Supplier For All Your Surety Bond Needs is at 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. Why not call 800-314-7003 immediately and speak to a bond counselor. Speak to a bond specialist right now.Call the Southfield Township Surety Bond Pros at 800-314-7003 !

Call Your Southfield Township Surety Bond Agent At Pro Surety Bond

Call 800-314-7003! What is a surety bond? A surety bond allows for one party to be compensated when another party does not live up to a commitment. What type of a commitment is involved here? Let's say you’re a grain dealer in the State of Michigan. These regulations dictate how you do business and the government is serious about you following them, but how do you get them to do it? Well, you can fine them, but there's also the problem of collecting. Some companies intentionally go out of business so they won't have to pay, so the government makes them take out a surety bond so that there is always a way of collecting. The scenario just described is actually pretty rare, but that's why Surety companies are willing to take on the risk of guaranteeing these kinds of commitments. If a clam should have to be paid, it will take the form of a short-term loan which the great dealer will have to pay back. Pro Surety Bond has over 25 years of combined industry experience. Call 800-314-7003!

Bidding Opportunities in Southfield Township

If you are bidding on public projects for the City of Southfield 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 Southfield Township

18550 W. 13 Mile Rd; Southfield Township, MI 48025-5262

Phone:248-540-3420
Map to Finance Department

The Community of Southfield Township, Michigan

Southfield Township is a civil township in Oakland County and it is the 137th most populous community in the state of Michigan. Southfield Township started out as Ossewa Township, and was created in 1830. Southfield Township is a beautiful city outside Detroit. There are a lot of parks and shopping for the residents, and there are a lot of business opportunities within the city, as well. Even a few Fortune 100 companies are located here. It is a diverse community with young and old people alike. Ask the residents what they like about it and I'll tell you that they have a feeling of belonging living here.

Southfield’s geographic relationship to the rest of the Detroit metro area is the key to understanding why the township is unique. By the 1950s Southfield Township was already home to one of the first shopping malls in the nation, the Northland Center, so named because it was north of Detroit. In recent years, Southfield adopted a slogan, "the center of it all," to celebrate its position at the heart of metro Detroit.  Call the Southfield Township Surety Bond Pros Today at 800-314-7003

What are the some of the things I should know about surety bonds before I purchase one? You should be able to understand the benefits of surety bonds over other forms of risk management like letters of credit (they do not typically need to be secured), you should understand ways of avoiding claims (making sure you know what you sign), you should be able to understand the nature of the surety bond relationship in layman's terms (it’s a three way agreement), and you should understand your rights and responsibilities in the surety bond agreement (the surety bond pays any valid claim but you have to pay the surety back).

No Better Customer Service On Southfield Township Surety Bonds

What is the difference between a surety bond and a security deposit? There's really only one difference, and that's that what you buy a surety bond there is no actual money being put up as a deposit. Sometimes governments will allow you to put up actual money for your guarantee, and if that is the case you'll have to put up the full amount. When you get a surety bond you're actually just renting the surety company’s financial reputation; no money is deposited. In turn, the surety company promises the government or whatever party that it will pay any valid claim, and it can do that on the basis of his own financial strength. This means that no money is put up unless there is actually a claim. Your benefit is that for a few pennies on the dollar of coverage you don't have to put up the full amount of your money, and tie up all of your assets for something that will probably never be needed. Give us a call at 800-314-7003.

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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.