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Spring Lake Township, MI Surety Bonds

You won't believe how easy it is to buy a surety bond from 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. So call us now at 800-314-7003 so you can get back to your business. We think you deserve the best.Call the Spring Lake Township Surety Bond Pros at 800-314-7003 !

Lock Down That Surety Bond Quote In Spring Lake Township Today

Call 800-314-7003! What is a surety bond? A surety bond financially induces a party to fulfill a commitment it has made to another. The concept behind surety bonds isn't difficult. One-party makes a commitment to another party, and the latter party wants a financial guarantee that the former party will do what it promises. An example: let's say you own a construction company that builds shopping centers. These facilities need to be incorporated into the city’s infrastructure, meaning sewer lines, water lines and roadways. The government wants a guarantee that you will make sure that you don't do permanent damage to this infrastructure, so it requires you to get a surety bond before you can get a permit. Pro Surety Bond has over 25 years of combined industry experience. Call 800-314-7003!

Bidding Opportunities in Spring Lake Township

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

101 S. Buchanan St. Spring Lake, MI 49456

Phone: (616) 844-2101
Map to Finance Department

The Community of Spring Lake Township, Michigan

Spring Lake Township is a civil township in Ottawa County and it is the 143rd most populous community in the state of Michigan. If you ask residents they'll tell you Spring Lake Township is a great place to live. More or less everyone in the township and surrounding area has a job whether it be in Grand Haven, Grand Rapids, or Muskegon, the closest communities with a sizeable number of jobs to offer. It's only about five minutes to Lake Michigan and the beach, and it has lots of bike trails and public parks. It’s a small town with a lot of homes and ample grocery shopping. But despite the small-town feel, more and more companies are bringing their wares to Spring Lake Township. Springfield Spring Lake Township is a suburb of Grand Rapids.

The governmental licensing body that issues business licenses for my business has asked me to buy a surety bond to guarantee that there will be funds available in case I cannot pay fines levied against me for not adhering to the regulations of my industry, unlikely though possible. If they won’t trust me to pay the fines, why will they trust the surety? Governments and many other parties will take surety companies at their word because those companies have strong financial resources at their fingertips to pay claims, and, simply put, you don't. If you had a large amount of money you might be able to provide the security that's been asked of you, but it might still tie up your capital.  Call the Spring Lake Township Surety Bond Pros Today at 800-314-7003

 

Qualifying For A Spring Lake Township Surety Bond Might Be Easier Than You Thought

Why are all subcontractors on federal projects over $250,000 required to have a surety bond? It all goes back to the 19th century, before the government required that a contractor guarantee their work on a project. Defaults at that time were not particularly common (usually occurring when a contractor went out of business), but it did leave the government holding the bag to finish the project. Measures were taken to alleviate the problem, but when the Great Depression came, defaults became endemic. The Miller Act was created to address this problem, and that why projects require a performance bond in the amount and 100% of the contract. A separate bond is required for the protection of the suppliers and labor materials. 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.