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5 Important Considerations when Buying Lawn and Garden Sprinklers

You cannot own a garden and own up to zero maintenance efforts. You have to get dirt on your hands and feet once in a while. Because of this...

on Aug 26, 2016

Easy Renovation Tips for Creating a Beautiful Baby Nursery

It’s the first room your child will ever have so let’s make it a good one! Transforming a room into a beautiful nursery doesn’t have to be time...

on Aug 23, 2016

All You Need to Know About Taking Care of Your Roof

Homeowners are always looking for ways to save cash, and that often means only using electricity when necessary, making smart and long-lasting...

on Aug 23, 2016

The Ultimate Guide to Drainage Care - Keeping Your Drains in Tip Top Shape

The Ultimate Guide to Drainage Care - Keeping Your Drains in Tip Top Shape Everybody has experienced drainage issues, whether it is at home, at...

on Aug 22, 2016

Building The Ideal Garage

It's amazing how far garages have come. In the early days of the American automobile, the vehicles were stored outdoors or in some other building...

on Aug 16, 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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