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Contractor Bonds
As in most states, Arizona requires anyone applying for a contractor's license to supply a Contractor Bond (cash deposit) to the Registrar of Contractors. There are two stipulations regarding the bond: (1) the bond must be in the license applicant's name and (2) the amount of the bond must be for the pre-determined amount for that applicant's volume of work and contractor classification. The four contractor license types that all applicants for a license fall under are:
A bond claim is one of those things that can keep you up at night if there's a serious chance of it being called in. That can have disastrous effects, and in some cases it can be enough to do irreparable damage to both your business and your reputation. That's why, if your jobs require a surety bond, you should keep the following tips in mind to make sure it doesn't get called in.
Bond claims can be a contractor's worst nightmare, and are something everyone wishes to avoid. There are steps you can take beforehand to protect yourself, like making sure everyone is on the same page and creating a thorough contract document spells everything out. However, it may not be enough to prevent problems from occurring. Here are six steps you can take to protect yourself once things start to go wrong.
In previous posts, we have talked about what bonds are and why bonds, as a general rule, are important. Today we wanted to talk a little bit more about license bonds and why you should have one if you plan to work in Arizona.
What exactly are contractor bonds? Do I need one to be licensed as a contractor in Arizona? If you have wondered about these and other questions, you have come to the right place. Here is everything you need to know about contractor bonds.
In the contracting world, there is a lot of emphasis on placed on these three words. Contractors make a point of using them on their websites and in their advertising. These words make the people using them sound credible, but what do they mean?
Are you a tradesman who has fine-tuned your line of work -- whether that be electrical work, plumbing, mechanic -- to the point where you are confident in your abilities to launch your own business? The truth is that you'll never get ahead financially working for someone else. If you're looking for information about starting your own company here in Arizona, read on!
Knowing what kind of surety bond to get for your contractors license can be tricky! Here's a simple look at what many believe is a complex issue.
Understanding project bonds is an important part of becoming a licensed contractor in Arizona. Some people tend to get confused when it comes to the various construction project bonds, so it helps to refresh your memory whenever you need to. Read on for a brief overview of the different types of construction project bonds...
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