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The Water Heater is Broken: Now What?

When you think about the easy projects homeowners can do by themselves, fixing a broken water heater is not the first that comes to mind. However,...

on Jun 28, 2016

Most Ideal Approaches to Do Level Rooftop Repair

On the off chance that you are doing level rooftop repair you would should be cautious, if your rooftop is level. Utilizing level rooftops for...

on Jun 28, 2016

How Decking Improves Your Garden

There are many straightforward, cost-effective ways to improve and update the dynamism and look of your garden. From a quick, simple mow, to...

on Jun 27, 2016

Small Spaces, Big Design: How to Make the Most of Your Tiny Bathroom

Bathrooms serve a very basic purpose, but that doesn't mean that they should be cramped and uncomfortable. Unfortunately, not all bathrooms are...

on Jun 25, 2016

Why Corian Is A Proven Performer In The Home

When you take on the construction or renovation of a home, the materials you use can be any of a wide variety of types. But no matter what...

on Jun 25, 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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