The bond is almost always a pretty comically low amount of money. The bond in CA is $25k. And that just got raised in 2023. And if you know anything about the cost of construction here 25k isn't fixing much.
That's the minimum required by law. If they're asking for more than that much money to do the work, you can reasonably ask them to increase the bond to cover it. You can also require them to have liability insurance.
I wouldn't hire a contractor on a 120k job if his bond is 25k unless he has some serious stake in the area with their reputation. Sometimes they can post a higher bond to win a contract that demands a higher bond.
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u/nmpls 4d ago
The bond is almost always a pretty comically low amount of money. The bond in CA is $25k. And that just got raised in 2023. And if you know anything about the cost of construction here 25k isn't fixing much.