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How to Install a Garage Door Opener Easily

Garage door openers always look nice and beautiful at residential areas. Usually garage door openers appear in simple, elegant and graceful designs...

on Nov 26, 2014

Is It Cheaper to Build Your Own Home?

Thinking of moving home? Have you ever sat and watched Grand Designs and drifted into a dream about building your own pad? Could it actually be...

on Nov 26, 2014

List of Essential Construction Equipment

Specialized skill is obviously important for a construction job to be finished efficiently. But having the right, professional equipment ensures...

on Nov 25, 2014

Go for a Green Garage

When considering a new garage, many aspects must be evaluated: cost, material, functionality and even environmental impact. You can check out a few...

on Nov 25, 2014

Why Trucks Are Essential During The Home Repair Process

There are many reasons for reconstructing a house. Some people do it to utilize more spaces inside the house while others do it refine old model...

on Nov 24, 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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