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. …
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 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 projectObligeeCounty of Oakland, Michigan-Bd of Co. Road Comm.Bond classPerformance BondCategoryOtherBondOakland County, Michigan - Construction BondPlain descriptionThis 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 tha…Who needs this bondRight-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 …
