California Bonds

The California Contractor’s Board requires that ALL licensed contractors carry a $12,500 license bond to ensure against any losses or claims against your license. Cal-State Contractors License Service is a full service-bonding agent in California. We work with all of the bonding companies to bring you the most competitive rates in the industry. We can have your bond application approved, written and prepared for delivery all within one day. Since all of our clients are contractors you can be assured to receive the lowest quotes in the industry.

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Nevada Bonds

Cal-State Contractors License Service is a full service-bonding agent in Nevada. We work with all of the bonding companies to bring you the most competitive rates in the industry. Since all of our clients are contractors you can be assured to receive the lowest quotes in the industry. Nevada sets the bonding requirement at the time your application is approved in direct relation to your monetary bidding limit.

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Arizona Bonds

Cal-State Contractors License Service is a full service-bonding agent in Arizona. We work with all of the bonding companies to bring you the most competitive rates in the industry. Since all of our clients are contractors you can be assured to receive the lowest quotes in the industry. Arizona requires two bonds to be issued in conjunction with your license issuance.

  • License Bond (Required with License Application): Provides the financial security and construction assurance on building and construction projects by assuring residential project owners that contractors will perform the work and pay subcontractors, laborers, and material suppliers and that commercial contractors will comply with all commercial codes set forth by the state.
  • Tax Bond: Guarantees the required taxes will be paid to the Arizona Department of Revenue.

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Other Types of Bonds

  • The first step requires you to complete a lengthy questionnaire.
  • Anticipate a couple of weeks for final approval, after you’ve answered all the questions.
  • Approval is based on your credit history, equity you have in improved real estate in California, especially your home.
  • The closer the first bid bond amount is to the sum of your assets, the more likely the bond will be issued for you.
  • After the first bond has been satisfactorily completed, the next bond will be easier and, usually the company will be willing to cover a higher amount.

The amount of bond required can often be negotiated. EXAMPLE: Even though a contract may be for $200,000, contractors are paid as certain stages are completed. Sometimes they might accept a $50,000 bond instead of the full $200,000.

If a claim against your bond is paid, it will be both expensive and difficult for you to obtain future coverage for at least three years, whether you repay the bond company or not.

Click here to request information regarding performance or bid bonds.

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