What is a Performance Bond in Michigan?
Need a performance bond for Michigan? Bonds up to $400,000 approved in 24 hours. $30 per $1000. Call (877) 341-5377.
G. A. MacDonald Associates has been providing Michigan performance bonds for over fifteen years and would love the opportunity to earn your business.
Simple application. Most Michigan bonds up to $400,000 are approved and issued in one business day.
Need a bid bond or performance bond quickly? We process all bonds received within one-business day. And our simple one-page application requires NO financial statements for bid and performance bonds on projects up to $400,000.
Complete our application and save it on your computer for future projects. Simply enter the new project info and we’ll return your bond within 24 hours. It doesn’t get much simpler than that!
How much does a Michigan Performance Bond cost?
For businesses and individuals with good credit the rate generally runs about 3% of the project amount.
Michigan Performance Bond Rates: $30.00 per $1000.00
Rates can run higher (10-20%) for individuals with poor credit or new business operations.
How to get a performance bond
For projects up to $400,000 – please complete Page 1 of the Michigan performance bond application (new applicants must also complete and sign the General Indemnity Agreement on pages 3 & 4 and the Credit Report Consent Form). NO financial statements are required!
For aggregate bonded work programs from $400,000 to $800,000 Please complete Page 1 and 2 (new applicants must also complete and sign the General Indemnity Agreement on pages 3 & 4 and the Credit Report Consent Form).
Print out the CNA Surety bond application for Michigan, check it for completeness (incomplete applications will delay processing), sign the Indemnity Agreement (pages 3 & 4) and Credit Report Consent Form (new applicants only) and fax the completed forms to our office:
Michigan Bond Application Fax-line: (260) 423-6780 or scan email to dave at gamacdonald.com
Contact Dave MacDonald for more information or a specific quote for your business. We’ll process your application and return it by fax or email (if an e-mail address is provided).