Increase Minimum Bonding Requirements for California Contractors
Licensed Contractors in the State of California have a minimum bonding requirement of only $7,500. This petition requests the state to increase contractor bonding requirements to a minimum of $100,000. The economy has changed significantly since this bonding law was written. In fact, Notary Publics have a higher bonding requirement and their fees are controlled. Today\'s residential home improvement market is full of many unprofessional, unethical licensed contractors as well as unlicensed individuals. The laws that the licensed contractors are required to abide by are not to date with today\'s economical situation and the level of abuse that several consumers have experienced by unethical practices including frontloading, project abandonment and more. Today\'s projects cost homeowners in the ten-thousands and even over a hundred-thousand. Even for smaller projects, the damage caused to other aspects of the home and corresponding repairs could well exceed the original cost of the project. If an individual chooses to go into business because he/she believes they know the craft, they must also comply with the same business risks, benefits and obligations other business owners in this state must comply with in order to be successful. Raising the bonding requirements will assure that businesses in the construction and landscaping industry are run ethically and the consumer is not abused. Today\'s kitchen remodel or landscaping project has an extremely higher labor and materials rate of ten years ago. If you have had a bad experience with a contractor or know of someone who has, please sign this petition. Home owners should not have to accept poor workmanship by unethical contractors.