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The Construction Connection - California Contractor News, Notes & Legislation

Obstacles That Minorities in Construction Face

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Professional Development Resources for Minorities in Construction Construction is one of the most lucrative and fastest-growing industries in America, but the industry has been challenged by a labor shortage. The trade skills gap in construction, which refers to the lack of skilled laborers, is largely responsible for the labor shortage seen across the industry. The […]

What Is a Surety Bond, and How Much Does It Cost?

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Surety bonds are an essential part of being a construction business owner, and having the proper bonding in place can make all the difference in acquiring work and building revenue, staying compliant with state law as well as staying in operation if your company ever doesn’t uphold its contractual obligations whether intentional or unintentional. Acquiring […]

California Contractor License Bond Requirements Are Increasing: Here’s What You Need to Know

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In late September 2021, Senate Bill 607 was signed into law, changing the California contractor license bond amount from $15,000 to $25,000 and from $12,500 for the bond of qualifying individual to $25,000 as well. It has now become Chapter 367, Statute of 2021 of the California legal code.  Here’s what you need to know […]

What Would it Take for Americans to Stay in a Haunted House?

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Break out your cozy sweaters and dust off your pumpkin-themed decor, because fall is officially among us. If you ask us, watching scary movies and visiting haunted houses are year-round activities. But there’s nothing quite like the uneasy feeling of a fright sending shivers down your spine with a crisp chill in the air. Of […]

The Most Popular Taylor Swift Album in Every U.S. State

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In the last year, Taylor Swift has raked in headlines—and, we suspect, a ton of money—with surprise album drops, significant pandemic relief funding, and revamped recordings of old hits. Tall, blonde, and almost unbearably earnest, Swift has been both a music industry darling and outcast, stacking Grammy nominations and awards while coming to blows with […]

How to Incorporate a Business – 6 Steps to Know

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Wondering if your business should become a corporation? It’s an important decision to make. Many choose the route of business incorporation for one of three reasons: to limit personal liability, to sell the business, or to attract outside investors. Whatever you’re planning, it’s critical to know the facts, because there are both benefits and challenges […]

Money Matters – Are Americans Actually Financially Independent?

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Let’s talk money. Some people have it, some people hoard it, and some people give it away. But one thing’s for sure—we all spend it. And with rising costs of living, inaccessible housing, higher education costs, and lower-paying post-graduate employment opportunities, today’s consumers may be stretching their dollars more than they’d like. But whose money […]

House Hunting for Fun – Are Zillow Users Obsessed?

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Zillow is the leading real estate and rental marketplace, with 245 million monthly unique users in 2020 alone. Those looking to buy, rent, or sell a home are no strangers to the company’s website, but what about those of us who just want to see how far our money goes on local real estate, or […]

How Far You Can Go on the Median Income in the 50 Largest U.S. Cities

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It’s important to have a firm understanding of your expenses before you make the decision to take on a construction project. We work with contractors on a daily basis to find the best solutions for their bonding and insurance needs, so see many financial scenarios with varying amounts of discretionary income available to take on […]

4 Steps To Increased Contract Bond Capacity

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Many successful small contractors have found working on public projects to be a highly lucrative niche as a result of barriers to entry that prevent non-bonded contractors from bidding on these types of projects. While often profitable, successfully navigating bonded projects takes time and experience and can be more involved than non bonded projects in the private […]

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