Contractor License Bonds

How Does A Contractor Performance Bond Work?

You are into a contract with your contractor. You are asking yourself about what if the construction does not complete. This could be due to the contractor’s insolvency or due to slow in time duration to complete the project as agreed. This brings the idea of the performance bond. In a performance bond, three parties are involved; the contractor, the client and the third party being the guarantor. The  bond is a written guarantee by the guarantor to ensure payment just in case the contractor fails to perform the task assigned as per the contractor. This could be due to insolvency among other shortcomings.

It’s all about the provision of legal, financial protection for the individuals who are involved in the construction. This bond is usually secured by the contractor. A performance bond is issued by either the bank or an insurance company. We recommend California Contractor Bond & insurance services, visit them online here.

It is important that the contractor is help responsible for the completion of the whole project properly as agreed between the two parties or as indicated in the contract.

In case the contractor does not complete the project it is, therefore, the responsibility of the third party. In this case, the third party is either the bank or the insurance company, to be responsible for the completion of the project as agreed between the contractor and the client. It is also responsible for paying any losses that may arise from the delay of completion and any other costs due to the contractor’s failure to undertake the work.

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Bond Regulations

The regulation of the performance bond lies with the federal government, state government, and even the local laws. They all work together to give the mandate of a performance bond. This has made it possible for utilization of public projects through the payment bonds and performance bonds.

How do I get the performance bond?

The issuance of the performance bond is only after the contract is awarded. The performance bond will not be given before the contract is awarded. There are some most common scenarios. This is where the  bond is usually issued together with the project payment bond. Acquiring a bond is a legal requirement by the law. Every contractor must have the performance bond before commencing the project. There are negative impacts to the contractor on failure to secure a performance bond. For example, is disqualifying the contractor. Whenever a contractor is excluded, he or she stands to be penalized through legal fees or any other penalties. Even to the client, you are required to ask the contractor of the performance bond this will be very helpful to put a claim to the third party.

Bonds vary in rates. This is due to various reasons. These reasons range from the total cost of the project to the creditworthiness of the contractor. In a situation where the solvency of the contractor is of a bad reputation, this will lead to low rates. As compared to their counterparts with bad credit history. The surety agency fee is going to be the rate of the individual contractor multiplied by the total cost of the property.

New laws on Marijuana

Italy’s stance and laws on Marijuana

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When it comes to the use and possession of Marijuana, Italy has the same stance as many countries in the European Union have, in short, it is illegal. The little progress they have made in this area is that they have decriminalized it for medical use and religious use, but not for recreational use, leaving many people who can’t don’t have certain medical conditions without the daily benefit that they can have with the use of cannabis.

Marijuana lawsWhen it comes down to the specifics of their laws if you possess small amounts of marijuana for personal use, it is a misdemeanor, which is subject to fines and the suspension of documents such as a driver’s license and passport. When it comes down to cultivation and the selling of cannabis products it is illegal and punishable by imprisonment even if you grow it in small amounts for your personal use.  There are small businesses that cultivate it for medical purposes for the state, and they are heavily regulated.

However, in 2016 The Italian parliament started discussions of legalizing recreational marijuana. The bill, if passed, would allow people to carry up to 5 grams of cannabis when outside and keep 15 grams at home. On the topic of cultivation of up to five plants would be allowed.

New laws on Marijuana

Marijuana lawThe bill’s proposer’s main argument was that the legalization of marijuana use would weaken the “mafia” and their income, and would, in fact, provide millions of taxable revenue for the country. But that is not all it would also help the common man when coming into contact with the drug. People would no longer have to be scared of jail if they took marijuana for their personal reasons, which is a big step from the decriminalization of the drug.

However, the bill was met with strong opposition from the church and from the opposing conservative party. The fact that the bill that would bring many positive things to people in need just goes to show how the old stigma surrounding the use of marijuana still dictates many opinions in the world. Let us not forget that alcohol and tobacco are highly addictive, dangerous and still legal in the world.

We sincerely hope that Italy becomes the leader on the legalization of marijuana use as they would become the catalyst for the rest of the European countries and perhaps the world.

Let Your Mind Be Free

Marihuana and its positive effects on creativity

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It is a well-known fact that marijuana use has an impact on the brain, but in what scale and what are all the things it effects remains a mystery which will have to be researched in the future. For now, we know that marijuana has many health benefits, but the biggest reason why people enjoy taking this drug is the boost in creativity that it provides while you are high.

Brain and marijuanaThe high status has its adverse sides. Like constantly being hungry where you lust for sweet like chocolate and being sleepy.But once you get high, the feeling of being unshackled with certain thoughts and restrictions kicks in.In short, your mind becomes free!

This is crucial for people who are artists of any kind, and even more so for people that are stressed but need to come up with creative solutions for their problems. The high from the use of marijuana takes away the negative effects of being burdened while thinking, which leads to creative solutions for simple, and complicated problems.

Cannabis makes you more creative

But let us not forget the influence of marijuana on artistic creativity. Artist from all over the world, whether they are songwriters or painters, take inspiration from different things in their lives while they are in the high state from the use of marijuana.

The results are some of the best artistic expressions we have seen in the world. Starting with the music genre which is reggae, the genius plays that came from William Shakespeare, all the way to Carl Sagan who was an American cosmologist, astrophysicist, and astronomer, who wrote many scientific books and papers while he was high.

Many more people that have had their impact on history or even on today’s issues used, or still use marijuana, but they can’t speak out due to the frightening issue of it being illegal and therefore leaving the possibility of them ending up in jail over speaking about it. We sincerely hope that the world will not brush the positive sides of marijuana creativity in the future in favor of fearmongering the masses.

Legalization=Revolution

How legalizing and decriminalizing marijuana affected countries on a global scale

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As we mentioned before, marijuana was made illegal in the International Opium Convention back in 1925. But since then many countries have changed their laws to help reflect the opinion of their people. In many countries owning a few grams of marijuana for personal use is decriminalized and is considered as an acceptable thing, in others, it’s fine to grow them at home and to sell for medical purposes.

But the biggest issue is that in many countries it remains as one of the worst things you can do, which will land you in jail for a long time. Before marijuana was banned by the Opium Convention in 1925, people from all over the world used it for its various benefits and situations. Some used it in medicine to treat their patients, while others used it as a medium for their religious gatherings and or communication with the god/higher power.

Legalization of marijuana brings the revolution

Cannabis lawAnd since then the world has come around to accepting that marijuana is not as bad as it was thought to be, but still, faces strict opposition from many lobbying politicians as it falls into the uncharted territory. The church also has a tough stand against the use of marijuana as they oppose any use of drugs and opioids.

Today the drug is becoming decriminalized and mostly legal in many countries, states, and in the future, we can expect that the cultural opinion on the drug that is called marijuana will change into a completely acceptable product for the masses.

In fact, many states in the USA legalized its medicinal use, and those countries have shown big drops in criminal activity on the streets. If the world can start accepting marijuana as it is, a plant with various benefits, and would stop demonizing it, we could be looking at a new age where we can expect that marijuana will become legal in all parts of the world.