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Tips on Selling your Home Fast

In a perfect world, everybody needs their house to sell fast at the cost they want, yet obviously, you can't expect the same from buyer (What if...

on Jul 29, 2014

Bathroom Countertops: Top Factors To Consider To Make The Right Choice

Choosing The Right Countertop Material: How Essential It Is? A classy and beautiful countertop can give a quick makeover to your bathroom. They...

on Jul 29, 2014

Stop Garage Door Problems Before They Become Your Nightmare

It's a fact! Electric garage door problems cannot be avoided altogether. Parts will wear, the opener will need upgrading or replacement, the bottom...

on Jul 28, 2014

How Safe is Glass Pool Fencing?

Pool fencing requirements and safety regulations are very stringent in many countries so it is important that the panels you use do comply to...

on Jul 25, 2014

Should I Repair Or Replace My Appliances?

Is it worth fixing damaged refrigerators or should we go ahead and buy new ones? Will appliance service make a difference or are we just wasting...

on Jul 25, 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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