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3 Reasons To Ventilate Your Home

As we take a breather with our families over the festive season, it’s important to stay healthy and get the most out of the time with your...

on Jan 21, 2015

Tips for Investing in the Right Granny Flat

You've got the space, now you just have to decide what the layout is going to be. You have decided to build a Granny Flat on your property and...

on Jan 19, 2015

Dos & Dont's for DIY Plumbing

Do you have pipes that are flooding your cellar? Perhaps you have a broken water radiator? Plumbing work is one of the most alluring problems for...

on Jan 15, 2015

Top Most Uses of Galvanized Steel

Galvanization is the process by which steel is treated with a rust-resistant zinc coating. Galvanized steel is usually manufactured by a...

on Jan 14, 2015

Preparing Your New Home For Move In

Purchasing a new house can be a momentous occasion for many people, so in order to make the transition into a new house just as exciting, you...

on Jan 13, 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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