411homerepair.com

Latest Articles

Transform Your Kitchen With These Design Tools

Your kitchen is one of the most valuable parts of your home. Whether you are having guests over and want to leave a good impression, or if you are...

on Aug 25, 2014

Cleaning the Concrete Flooring in Your Home

When you think about cleaning the floor, concrete is probably not the first thing that comes to mind. A concrete driveway, garage, porch or patio,...

on Aug 25, 2014

Setting Up a Playground in Your Backyard

Having a playground in the backyard is an asset for any home with children. It encourages outdoor play, and children aren’t stuck inside waiting...

on Aug 25, 2014

Garden Rooms For All Personal Styles

The truth is that the best possible garden rooms out there appear after really careful consideration and planning. It is not at all easy to make...

on Aug 21, 2014

Renovating Your Master Bedroom

Do you feel that your room is has become too cluttered and archaic? Are you planning to makeover your bedroom? Are you puzzled about how and what...

on Aug 19, 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.

Author

Actions

Random Articles

Installation of a Wood Floor

Since acquiring and installing quality hardwood floor represents a considerable investment, it's important that the quality of workmanship...

Floors / Tile / Hardwood

Oklahoma Local Builders Associations

Find a local builder or council, please contact the home builders' association (HBA) in your area.

Builders Associations

Nebraska Local Builders Associations

Find a local builder or council, please contact the home builders' association (HBA) in your area.

Builders Associations

Commercial Air Conditioning and Heating Services in Manchester

Modern lifestyle is chiefly marked with the conveniences that help us to fight the severity of natural conditions as well. One of these is the...

HVAC / Air Conditioning

Building Your Own Home Office

According to a recent survey 2 out of every 7 people in the U.S alone are taking their work to their homes. This coupled by the increasing trend to...

Bedroom / Furnishings

Contact Us | Submit Article | RSS | 411homerepair © 2014