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Where Can I Find Cheap Shed Plans?

No matter what your plans are for building a shed you will find that you need shed plans to do the job right. Whether you decide to do it yourself...

on Apr 27, 2015

Thinking About Remodeling Your Pool?

If your outdoor space is looking a bit shabby, perhaps your pool is to blame. Even if you have beautiful landscaping and an attractive home, a...

on Apr 23, 2015

Personalize your Dream Home with Charming Wall Art Decals

Many people desire to change the look of their home and give a new twist for which a Wall art decals are the best start. You have amazing designs...

on Apr 10, 2015

Is Your Home Energy STAR Certified For Energy-Efficiency?

As the demand for good housing rises in the United States, more home builders are seeing the value of building new homes with energy-efficient...

on Apr 8, 2015

Using Canvas Art to Decorate Your Home

When it comes to decorating your home, there are a ton of options. There are countless paintings you can hang up, sculptures you can put around,...

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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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