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The Three Rooms in Your House that Buyers Look at the Most

It can be a real challenge to get your house into the condition it needs to be in before it goes on sale. Nobody wants to have one of the houses...

on May 21, 2015

Basement Waterproofing: Exploring Your Options

Every homeowner who has a basement should be aware of basement waterproofing options.  Why?  Every basement, whether in a new house or an...

on May 21, 2015

Respirator or Dust Mask - What is the Difference?

When embarking on any project whatsoever where you will be subjected to airborne particles, you may want to make sure to have the appropriate level...

on May 20, 2015

Save Money on Air Conditioning Repairs

There’s nothing like coming inside after a day out in the hot summer sun and being able to relax an cool off in an air conditioned...

on May 19, 2015

Thinking About Building or Remodeling?

While exciting, getting a big project underway can be a headache without the right preparation. Nobody wants to come up with the perfect building...

on May 13, 2015

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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