MI performance & payment bonds.
Flat 3%. No games.
The fastest way to get bonded for Michigan public works.
One rate for every contractor — 3% of the bond amount
Price your bid without an obscure underwriting process.
Apply online, e-sign, and get your bond in 1–2 business days.
Trusted by industry leaders
Built for the bid deadline.
Most agencies give you ten days or fewer between award and executed bonds. The traditional broker spends most of them on phone tag. Here's the entire process:
Apply once, online
For projects up to $3M, the application is the whole thing — written on your credit score, no financials. Larger programs: one email, one checklist — never a scavenger hunt.
A human underwrites it
A licensed underwriter reviews the contract, your track record, and a soft credit check that never affects your score. The rate is already fixed — underwriting decides approval, not price.
E-sign, file, build
Pay online and receive the executed bond on the obligee's required form (AIA A312 or agency paper), power of attorney attached. Wet-ink originals mailed when the municipality insists.
The whole pricing page.
Bond amount × 3% = your premium. One-time, $275 minimum, carried in your bid number. There is nothing else to know.
What it is and who needs it.
The two parts, plain English
A performance & payment bond is really two guarantees in one document, both required for most Michigan public construction contracts.
The performance bond guarantees the project owner you'll finish the work. If you can't, the surety pays another contractor to finish — or pays the owner the overrun.
The payment bond guarantees your subcontractors and suppliers get paid. On public property there's nothing to lien, so this is their only protection — and the owner's protection from the dispute.
You need this bond if you're
The application takes about five minutes.
These are the actual underwriting fields — bond details, your business, your track record, and the project. Submit once and a licensed underwriter responds within 48 hours. Free until your bond is issued.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
What is a Michigan performance and payment bond? +
How much does it cost? +
Why is the rate flat? Isn't pricing usually based on credit? +
How fast can I get the bond? +
Do I pay the full bond amount? +
Can I get bonded with bad credit? +
Do I need audited financials? +
The bid documents demand a specific bond form. Can you match it? +
What about the bid bond? +
Other New York bonds.
Get bonded before the bid deadline.
Five-minute application, flat 3%, e-signed bond in 1–2 business days. Free until your bond is issued.