Spring marks the start of a busy season for contractors across Michigan. For those involved in utility, highway, civil, transportation, federal, heavy, and building construction, proper preparation is essential to stay on schedule, maintain compliance, and secure the right bonding before projects ramp up. Planning for Utility and Infrastructure Work Spring is a key season..
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The construction industry is heading into 2026 with a mixed outlook, according to the 2026 Construction Hiring & Business Outlook survey released by the Associated General Contractors of America (AGC) and Sage. While some sectors continue to show strong demand, overall contractor confidence has softened compared to last year. Contractors reported fewer bidding opportunities overall,..
When a construction company needs to secure a bond, the most critical first step is partnering with a reputable surety bond broker. An experienced broker serves as your advocate throughout the bonding process, helping position your company in the strongest possible light and guiding you toward the most favorable bond terms and conditions available. A..
Surety bonds are a routine requirement across the construction industry, but securing the right bond doesn’t have to strain your budget. Understanding how bond costs are calculated—and what influences your rate—helps you make informed decisions as you prepare for upcoming projects. What Surety Bonds Typically Cost Surety bond premiums are charged as a percentage of..
Surety bonds play a critical role in keeping construction projects on track—especially when public funding is involved. Federal, state, and local regulations often require contractors to secure specific bonds before work can begin, making it essential to understand what’s needed for each project. Public Project Bonding Requirements The federal Miller Act mandates that general contractors..