The prolonged downturn in the California construction industry over the past few years has strained the finances of many contractors, some of which must now overcome bad credit, among other hurdles in securing affordable license bonding. Contractors license bond rates in California are generally based on many factors including license and credit history, with each […]
Why should California contractors purchase a contractors license bond? According to state law, all licensed contractors in California are required to maintain a $15,000 license bond with the Contractors State License Board (CSLB) as a condition for maintaining an active license (or post cash in lieu of a bond). (Business and Professions Code Section 7071.6) The […]
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