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Speed Cookers: Save Your Time

For many decades now, the most significant design advancements to hit the oven industry have been in the introduction and development of the...

on Sep 4, 2015

The Beautiful Elegance of Window Blinds

If you want to completely alter how your home looks, all you really need to do is install new window blinds. Once you have changed such a simple...

on Sep 2, 2015

Stainless Steel Staples – A Great Alternative to Using Nails

More and more construction and design workers, in both large and small scale projects, are doing away with nails and turning to staples instead....

on Sep 2, 2015

Learning all about the Concertina Loft Ladder

If you are searching for a loft ladder that helps you to save space and that is also very efficient, then you may want to consider the concertina...

on Sep 2, 2015

The Modern Minimalist Home: Using Design to Create Clean Lines

If you’re like most people, you love your home, but sometimes you wish you could have those “dream spaces” out of a magazine....

on Sep 1, 2015

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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