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5 Fun Ways to Upgrade Your Kitchen

Is your kitchen starting to look a bit old and tired? The kitchen is a work area and can quickly go from that lived-in look to a worn-out look if...

on Dec 1, 2016

5 Must Have Pieces of Equipment for Your Workout Room

There are many advantages to having a gym or workout room at home. It is convenient, there is no waiting and once you have the right equipment in...

on Dec 1, 2016

Mold Removal Tips: How to Successfully Remove Mold for Good

Mold is a fungus that enters your home or premises as simple tiny spores. When these spores get moisture, they start to grow and fully develop into...

on Dec 1, 2016

Importance of Home Repairs: Taking Care of your Home

Whether you have plans to sell your house or live in it for the rest of your life, it is essential for all homeowners to carry out repairs and...

on Nov 30, 2016

Major Home Repair Jobs You Should Budget for When Buying a Property

Buying property is always a risky business. No matter how thorough a survey you have, there is always the danger that problems will arise when you...

on Nov 29, 2016

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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