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A Class B general building contractor wants to bid on a public works project valued at $3.2 million. What is the minimum license bond amount required?

Correct Answer

B) $100,000

For public works projects over $500,000, Class B contractors must have a bond of at least $100,000 per B&P Code Section 7071.9.

Answer Options
A
$50,000
B
$100,000
C
$25,000
D
$15,000

Why This Is the Correct Answer

For public works projects over $500,000, Class B contractors must have a bond of at least $100,000 per B&P Code Section 7071.9.

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