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Eco Friendly House Cleaning Tips

Eco-friendly house cleaning has become something that more people are aware of, as greenhouse gases and global warming begin to affect us all. You...

on Aug 16, 2017

Everything You Need to Know about Drain Pipe Unblocking

The drain pipes in any property play an extremely important role in keeping the plumbing system running smoothly. These drain pipes are designed to...

on Aug 15, 2017

Improve Home Decor with a Fish Tank

When we think of improving home décor we may not always consider a fish tank. It seems like a small thing, normally tucked away on a shelf...

on Aug 11, 2017

How to Repair Small Foundation Cracks

Identifying early symptoms of foundation trouble can save you thousands of dollars in repairs. The sooner you spot problems, the easier and less...

on Aug 11, 2017

High Tech Home Security

Modern homes have far more security options than those of only a generation ago. Smart homes mean smarter home security options for homeowners. If...

on Aug 11, 2017

What does a Bonded Contractor Mean?

by Guest 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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