Reminder! – As of January 1, 2016, Contractor’s Bond Amount Increases
March 8, 2016 Leave a comment
A Forum on Key Legal Issues for Design Professionals, Contractors, and Developers
March 8, 2016 Leave a comment
Pursuant to California Business & Professions Code Section 7071.6(a), the required Contractor’s Bond amount increased from $12,500 to $15,000. If you have not contacted your bonding agent, do so as soon as possible, to ensure your bond is properly funded.