Contractor bond increases January 1, 2016 in California

Words: Julie TrostCalifornia law (Business and Professions Code Section 7071.6) requires all contractors to have either a contractor’s bond or cash deposit filed with the Contractors State License Board (CSLB). The bond or cash deposit is filed for the benefit of consumers who may be damaged as a result of defective construction or other license law violations, and for the benefit of employees who have not been paid wages that are due to them.

On January 1, 2016, the amount of the bond is increasing from $12,500 to $15,000. CSLB urges all contractors to make sure they’ve got their new bond or cash deposit in-place by that date.

Contractors who don’t meet the deadline risk having their license suspended.

If you haven’t been informed about the new $15,000 limit by your bond company, it’s important that you contact them immediately, so you can comply with the new law. Note that the bond of qualifying individuals will remain at $12,500.

Recently passed legislation (Senate Bill 467) raised the contractor bond required of all licensees from $12,500 to $15,000 at the start of the new year. The legislation also eliminated the requirement that contractor applicants prove they have $2,500 in working capital as a condition of obtaining a CSLB license.
 0
MASONRY STRONG Podcast, Episode 24 Recap: Gary Hensley, VP of Sales at Oldcastle Adams
July 2025

On this episode of the MASONRY STRONG Podcast, Gary Hensley joins Justin in Indianapolis to talk about his story within the masonry industry, how he got started, how he's seen it evolve, and where he sees it going. Why the Masonry Industry? Concrete and

Justin Stengel
Read More
The Enduring Power of Structural Masonry
July 2025

Masonry has been holding its ground for millennia — literally. And thanks to the simple brilliance of arching action, it continues to do so with strength, style, and surprising efficiency. In an era of advanced modeling and fast-moving schedules, one time

Shayne Sanders
Read More
Building More: Slow, Fast, or Consistent. What is Tempo?
July 2025

It was a drizzly midweek day when I rolled up to the project we were working on just outside of town. The foreman paced the scaffolding, rain hood half-zipped, barking at two laborers who were sprinting bricks like they were late for a flight. Forty feet

Corey Adams
Building More
Read More
Marvelous Masonry: Belém Tower
July 2025

The Belém Tower in Lisbon, Portugal, stands as a testament to stone construction's enduring artistry and technical prowess. Erected between 1514 and 1519, this iconic structure served as a defensive bastion at the mouth of the Tagus River and as a ceremon

Cass Stern
Marvelous Masonry
Read More