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Safety Checks Everyone Should Do in Their Home to Prepare for Winter

Everyone’s top priority is to create a safe home for themselves and their family. This job is usually pretty simple, but it can get a little more...

on Oct 30, 2014

Top Tips To Avoid Common Oven Problems

A broken oven can lead to heartbreak. We all love to eat. But, our ovens can suffer from a wide range of problems if they are not maintained and...

on Oct 29, 2014

How to Reinforce Home Security with Telephone Entry Systems

Security matters are vital. Though, we are often skeptical to new age intercom systems and ignore their great value to our daily convenience but...

on Oct 24, 2014

5 Tips for Keeping a Clean Home This Winter

Many people think of spring cleaning as the busiest cleaning season of the year. Although most people save all of their de-cluttering for...

on Oct 22, 2014

How to Plan for Outdoor Kitchens – Important Tips and Facts

Building outdoor kitchens has become an extremely popular idea, homeowners often preferring to create a natural, elegant and hospitable setting to...

on Oct 14, 2014

What does a Bonded Contractor Mean?

by 411HomeRepair 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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