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California business license and Tax ID (if LLC or Corporation) Fingerprinting Live Scan; Completion of "Law and Business" exam; Completion of secondary trade-related exam; Completion of the asbestos open-book examination; Initial licensing fee of $200; Contractor bond or cash deposit of $15,000; Bond of QI (if applicable) of $12,500
The bond penalty is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that, should the bidder be successful, the bidder will execute the contract and provide the required surety bonds .
Contractor's license bonds, which assure that a contractor (such as a plumber, electrician, or general contractor) complies with laws relating to his field. In the United States, bonding requirements may be at federal, state, or local level. [21]
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A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
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FRAMINGHAM — A 160-store grocery chain is one step closer to opening on Route 9 after the city's licensing board approved a pair of applications last night.. The Fresh Market, which operates ...
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.