by Matt Coats | Jul 21, 2016 | General
Understanding the claims process on a California Contractors License Bond can mean the difference between quickly resolving a problem, and an expensive lesson in California construction law. Whether you intend to make a claim on a contractor’s license bond or must...
by Matt Coats | Jun 21, 2016 | General
As you may recall, the Department of Industrial Relations (DIR) requires contractors wishing to bid on public works contracts to register with the DIR on an annual basis. The registration period begins and ends on the DIR’s fiscal year end (July 1, 2016 to June 30,...
by Matt Coats | Jun 17, 2016 | General
Contractors who are applying for surety credit should pay close attention to their backlog and the impact it has on their ability to obtain and potentially increase their surety bond credit. The Work in Process Schedule (WIP) is a powerful tool in helping to manage...
by coats | May 24, 2016 | General
Subdivision bonds come in all shapes and sizes from guaranteeing the construction of streets, sewers and sidewalks, to guaranteeing that engineers’ and surveyors’ monuments are accurately and timely placed. A City or Municipality (Obligee) may require a Principal to...
by coats | May 24, 2016 | General
As you may have heard, the State of California recently passed Senate Bill 467 which increases the bond penalty for Contractor’s License Bonds. Effective January 1, 2016, the bond penalty will increase from $12,500 to $15,000. Per an agreement with the...
