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Oakland County, Michigan - Construction Bond

This bond is required for contractors who perform construction work on roads and infrastructure projects overseen by the Oakland County Board of Road Commissioners in Michigan. It protects the county by guaranteeing that contractors will complete their work according to contract terms and meet all legal requirements. …

Bond amountVaries by license type or project
State or jurisdictionMichigan
ObligeeCounty of Oakland, Michigan-Bd of Co. Road Comm.

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
Overview

What it is.

This bond is required for contractors who perform construction work on roads and infrastructure projects overseen by the Oakland County Board of Road Commissioners in Michigan. It protects the county by guaranteeing that contractors will complete their work according to contract terms and meet all legal requirements. …

Who usually needs it

Right-of-way contractors in Oakland County, Michigan, including individuals, businesses, or organizations such as utility companies, telecommunication firms, construction companies, and independent contractors who plan to perform construction or maintenance work within the public right of way. The bond is required as a prerequisite for obtaining necessary p…

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 bonding history reviewed. Performance bonds are typically required for public construction projects and many private projects. Bond amounts are usually 100% of the contract value. Rates may be higher when risk factors a…

Your quote determines the actual premium.

Typical timeframe

Full underwriting required — typically 3–5 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

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