Performance Bond for Contractors in California
If you’re a contractor working in California, chances are you’ve been required to provide a performance bond before starting a public or private construction project. Performance bonds are essential for winning bids, securing contracts, and protecting project owners—but the process does not have to be slow or complicated.
At EVERYBOND, we help California contractors secure performance bonds quickly, often within 24 hours, so you can move forward without losing valuable opportunities.
Call 310-954-2006 or apply online to get started.
What Is a Performance Bond?
A performance bond is a type of construction surety bond that guarantees a contractor will complete a project according to the terms and conditions of the contract.
If a contractor fails to perform, the surety may:
Compensate the project owner financially, or
Arrange for completion of the project by another qualified contractor
Performance bonds protect:
Government agencies
Developers and project owners
General contractors
Taxpayer-funded public projects
Learn more about construction and contract bonds here:
https://www.everybond.com/contract-bonds/construction-bonds/
Why Performance Bonds Are Required in California
Public Works Projects
In California, performance bonds are required for most public construction projects under the California Little Miller Act. These requirements apply to:
State and local government projects
School districts and universities
City and municipal infrastructure projects
Performance bonds protect public funds and ensure that projects are completed according to contract specifications.
Private Construction Projects
Many private project owners also require performance bonds to:
Reduce financial risk
Ensure contract completion
Protect against contractor default
How to Get a Performance Bond in California Fast
Work With a Performance Bond Specialist
Working with a surety agency that specializes in California contractor performance bonds significantly speeds up approval. EVERYBOND works directly with A-rated surety carriers that understand California licensing requirements and construction risk.
Prepare the Required Information
To avoid delays, be prepared with:
California contractor license number
Contract amount and scope of work
Project owner information
Financial statements (for larger bond amounts)
Contractor resume or project history
Many small to mid-sized performance bonds qualify for same-day or next-day approval.
Underwriting Review
Surety underwriters evaluate:
Credit history
Financial strength
Construction experience
Project size and complexity
Strong contractors are often approved within 24 to 48 hours.
Bond Issuance
Once approved:
The performance bond is issued
Official documents are delivered
The contractor can proceed with the project
How Much Does a Performance Bond Cost in California?
Performance bond premiums typically range from:
1% to 3% of the total contract amount for qualified contractors
Pricing depends on:
Credit profile
Financial statements
Experience
Project size and risk
EVERYBOND works to secure competitive pricing across multiple surety markets.
Performance Bond vs. Payment Bond
Most California construction projects require both bonds:
Performance Bond – guarantees completion of the project
Payment Bond – ensures subcontractors and suppliers are paid
These bonds are commonly issued together as contract bonds.
Learn more here:
https://www.everybond.com/contract-bonds/contractor-performance-bond/
Why California Contractors Choose EVERYBOND
Fast approvals and expedited processing
Access to multiple A-rated surety carriers
Expertise in California contractor bonding
Simple online applications
Support for new, growing, and experienced contractors
Call 310-954-2006 to speak with a performance bond specialist or apply online today.
Frequently Asked Questions About Performance Bonds in California
How fast can I get a performance bond in California?
Many contractors receive approval within 24 hours, with same-day issuance available for qualifying projects.
Are performance bonds required for all California projects?
Performance bonds are required for most public works projects and many private construction contracts.
Can I get a performance bond with bad credit?
Yes. Options may be available, though rates may be higher and additional underwriting may apply.
What contract sizes qualify for performance bonds?
Performance bonds are available for small contracts and multimillion-dollar construction projects.
Do I need a California contractor license?
Yes. Most performance bonds require a valid California contractor license.
Get Your Performance Bond in California Today
Do not risk losing a contract due to bonding delays. EVERYBOND helps California contractors secure performance bonds quickly and correctly.
Call 310-954-2006 or apply online to get started today.