This bond is required for contractors who perform work on or near Michigan state highways. It guarantees that the contractor will complete the highway right-of-way work according to their agreement with the Michigan Department of Transportation (MDOT). If the contractor fails to finish the job properly or damages publ…
Overview
What it is.
This bond is required for contractors who perform work on or near Michigan state highways. It guarantees that the contractor will complete the highway right-of-way work according to their agreement with the Michigan Department of Transportation (MDOT). If the contractor fails to finish the job properly or damages publ…
Who usually needs it
Contractors, utility companies, telecommunication firms, builders, developers, and independent organizations performing construction, maintenance, excavation, trenching, or installation work within Michigan's public highway rights-of-way need this bond. It is required as a prerequisite for permit approval when performing work that could disturb or damage pu…
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMIBond amountVaries by license type or projectObligeeMDOTBond classPerformance BondCategoryConstructionBondMichigan Highway Right of Way Performance BondJurisdictionStatePlain descriptionThis bond is required for contractors who perform work on or near Michigan state highways. It guarantees that the contractor will complete the highway right-of-way work according to their agreement with the Michigan Dep…Who needs this bondContractors, utility companies, telecommunication firms, builders, developers, and independent organizations performing construction, maintenance, excavation, trenching, or installation work within Michigan's public hig…
