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San Diego County, California – Well Contractor $2,500 Bond
In San Diego County, California, a well contractor bond is required for any contractor engaged in the drilling or construction of a well or installation of a water well pump. The bond is required by the County to ensure that the contractor will comply with all applicable laws and regulations governing the construction and maintenance of wells in the area.
The well contractor bond is a type of surety bond that provides financial protection to the County and to the clients of the well contractor. If the well contractor fails to comply with the terms of the bond, the County or the clients of the contractor can make a claim against the bond to recover any financial losses resulting from the non-compliance.
The amount of the bond required is $2,500 and is required by the County of San Diego’s Department of Environmental Health. The bond must be issued by a licensed surety company authorized to do business in the State of California.
It’s important to note that the well contractor bond is not the same as liability insurance, which provides coverage for bodily injury or property damage resulting from the work of the well contractor. The bond is a form of financial guarantee, and does not provide any protection against accidents or injuries.
Bond Amount
The San Diego County, California – Well Contractor Bond has a required bond amount of $2,500, as the name suggests.
This means that the well contractor must obtain a surety bond in the amount of $2,500, issued by a licensed surety company authorized to do business in the State of California. The bond is required by the County of San Diego’s Department of Environmental Health as a condition for obtaining a well drilling or construction permit.
The cost of the bond can vary depending on a number of factors, such as the creditworthiness of the contractor and the specific surety company providing the bond. Typically, the cost of the bond will be a percentage of the bond amount, usually ranging from 1% to 10% of the bond amount. Therefore, the cost of the bond will typically be between $25 and $250.
Qualifications/Requirements
To obtain a San Diego County, California – Well Contractor Bond, a well contractor must meet the following qualifications and requirements:
- License: The well contractor must be licensed by the California Contractors State License Board (CSLB) for C-57 Well Drilling and/or C-61 Limited Specialty Classification – D-21 Machinery and Pumps. The license must be in good standing and valid for the duration of the bond term.
- Application: The well contractor must complete a bond application provided by the surety company. The application will require the contractor to provide personal and business information, as well as details about the well drilling or construction project.
- Creditworthiness: The well contractor’s creditworthiness will be evaluated by the surety company issuing the bond. This evaluation will consider the contractor’s credit score, financial history, and other factors that may impact the contractor’s ability to fulfill the bond obligations.
- Bond premium: The well contractor must pay the bond premium to the surety company. The premium is typically a percentage of the bond amount and is based on the contractor’s creditworthiness and other risk factors.
- Bond term: The well contractor must ensure that the bond remains in effect for the duration of the well drilling or construction project.
- Compliance: The well contractor must comply with all applicable laws and regulations governing the construction and maintenance of wells in the area. Failure to comply with these laws and regulations may result in a claim being made against the bond.
- Claims: If a claim is made against the bond, the well contractor must cooperate with the surety company and provide any information or documentation requested to resolve the claim.