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Easy Tips for a Quick Fix of your Dormitory

When many students open the doors of their dormitories, they find out that a room is empty and includes only four walls, which are usually white...

on Jul 29, 2016

Security Solutions for Your Home

The secret in keeping a secure house is to combine good systems, excellent locksmith services and convenience. Don't settle with anything less...

on Jul 22, 2016

Step Up Your Style With Modern Handrails

Handrails may not seem like an integral piece of design, but this often overlooked design feature can really change the aesthetic of a room. As a...

on Jul 22, 2016

How to Prepare Your Home for the Real Estate Market

Once you decide to put your home up for sale it becomes a product and products have to be appealing to the buyers, otherwise no one is going to...

on Jul 21, 2016

Hiring a Landscape Gardener: A Brief Guide

The garden outside your house can be landscaped and decorated in a variety of different ways. You might be surprised to know that a properly...

on Jul 20, 2016

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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