"> 411 Home Repair
 

411homerepair.com

Latest Articles

Installing a Wood Burning Fireplace Insert like a Professional

A wood burning fireplace insert has many benefits over traditional gas and electrical alternatives. Most significantly by choosing to heat your...

on Jan 18, 2017

Simple on Making your Home More Comfortably

For most people making your house your home is a non topic but there are many “little things” that can be done to enhance your space...

on Jan 18, 2017

Lawn Maintenance: Is Your Lawn Revealing About You?

Taking good care of your lawn is necessary for ensuring that it becomes healthy and resistant to disease, pests, weeds and weather conditions. Lawn...

on Jan 18, 2017

How To Choose The Right Water System For Your Home

Choosing the right water system for the home requires some careful thought. There are several different types of hot water systems to choose from,...

on Jan 12, 2017

Working with a Builder you can Trust

Buying a new build can be quite an investment. It's imperative to choose the right builder from the start by finding a reputable, trustworthy...

on Jan 12, 2017

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

Sponsored Articles

Random Articles

The Rise of Electronic Locks

Due to the sophistications and technology, electronic locks are obviously more expensive than manual key locks. The difference is that electronic...

Safety / Security

How to Repair Vertical and Venetian Blinds

Vertical and Venetian blinds are the two most popular kinds of blinds that are used for home decorating. Vertical blinds have vertical slats that...

Windows / Siding

Things You Should Consider When Refacing Your Kitchen Cabinets

Kitchens require a heavy bit of refurbishing after a considerable period of usage. Therefore, if you are planning to reface your kitchen then you...

Kitchen / Bathrooms

How to Come Up with Good Bathroom Design Ideas

Good bathroom design depends on being able to maximize the existing space you already have. It also starts with the right selection of tiles and...

Kitchen / Bathrooms

Septic Systems 101 for Home Buyers

If you’re a city dweller who is looking for a home in the suburbs, it’s likely that you’re looking at homes with septic for the first time. This...

Plumbing / Basements

Actions

Contact Us | Submit Article | RSS | 411homerepair © 2017