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Don't Sweat the Little Things - Fixing Minor Annoyances at Home

When you come home at the end of your long day at work, it seems as though some days, everything is annoying. Minor things which wouldn’t...

on May 4, 2016

Choosing A Modern Living Room Design

If you’re thinking about redecorating your living room, you might want to go for a total design overhaul. While something traditional is all...

on May 4, 2016

How to Avoid Problems with Your Boiler

You don’t realise how much you rely on your boiler until it breaks down. Over the winter your boiler will probably have to face excessive use...

on May 4, 2016

5 Tips on Keeping a Student Bathroom Clear and Clean

Living in a property with other students can get loud, messy, stressful and often at times unhygienic. Unfortunately it is your responsibility to...

on May 4, 2016

12 Bathroom Cleaning Tips and Cleaning Secrets From The Pros

Want to get that clean, pristine look that you admire so much when entering hotel and resort bathrooms, but don't want to burden yourself with...

on Apr 28, 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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