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Infusing that Classic You-Style into your Rental Apartment

Decorating a rented apartment can be the trickiest thing ever: it’s your space, but not really. There's the all-mighty landlord who gets the final...

on Sep 11, 2014

Simple Home Tips for Repairing Your Garage Door

Garage doors are prone to malfunctions now and then due to their frequent usage and perpetual exposure to the elements. They compose of different...

on Sep 10, 2014

6 Simple Steps to Patch an Asphalt Driveway

A few days ago I noticed a small patch of loose asphalt on my driveway and just ignored it because I didn’t think it was a big deal. But a few days...

on Sep 9, 2014

Essential Tips for Buying Living Room Furniture

Purchasing a new living room set is a big investment, but it can also be an enjoyable experience if you’re well prepared. When buying furniture for...

on Sep 9, 2014

Trendy and Elegant Modern Accent Chairs for Living Room

Which space your find most comfortable to spend some fun time with your family? There is nothing to guess since the answer is very simple. It is...

on Sep 6, 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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