If you are engaged in the development of Common Facilities, §11018.5(a)(2)(A) of the California Business and Professions Code requires that you execute a California Completion of Common Facilities Bond.
Bonds Express offers a California Completion of Common Facilities Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Completion of Common Facilities Bond holds you accountable for your business decisions.
By possessing a California Completion of Common Facilities Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.