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Roofing Styles and Designs: So Many Options

If you’re building a new home and are just in the early planning stages, you may want to give some extra thought to the type of roof you want...

on Apr 25, 2017

The 4 Biggest Hidden Home Renovation Costs

Undertaking a full home renovation is a huge project – and even just restoring a few rooms in your home can cost you quite a bit of time and...

on Apr 24, 2017

10 Tips To Lowering An Electricity Bill

10 Tips To Lowering An Electricity Bill This lay out 10 different strategies you can do to help drastically lower your electricity bill so that...

on Apr 23, 2017

Reasons to Hire End of Lease Cleaning Services

You love your apartment, and you have made many great memories there. However, now you must consider what to do as you near the end of your lease....

on Apr 21, 2017

Are Blocked Drains a Landlord's Responsibility?

As a tenant renting a property, you are expected to do any kind of reasonable maintenance work that prevents damage to the property. But what...

on Apr 20, 2017

What does a Bonded Contractor Mean?

by Guest on Mar 14, 2013

A bond is an insurance policy for which the contractor pays a premium. It guarantees that the contractor will meet his obligations in a satisfactory manner. Failure to do so should result in the payment of compensation by the bonding company. There are three types of bonds, payment bond, performance bond and bid bond.

Being bonded could be like getting an insurance policy that the job will be completed, and it will be done properly.

Larger commercial and almost all government jobs will require that all contractors and sub-contractors be licensed, insured, and bonded. If you can find a bonded contractor you have a good chance the job will be done properly.

One of the problems is depending on the cost of the job, the fees a bonding company charges could be high and this may be passed on to you the customer.

Performance Bonds - A bond that guarantees the project's completion according to the building plans and specifications.

Payment Bonds - A bond that assures the owner that no liens for labor and material will be filed against the property.

Contractor Bonds - A bond that guarantees both job completion and payment of all labor and material

Hire a license, bonded and insured contractor for free home improvement quotes.

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