411homerepair.com

Latest Articles

The Perfect Man Cave

Creating the perfect cave is a lofty ambition that few turn into a reality. It involves much preparation, a good chunk of money, plenty of effort...

on Jul 22, 2014

Auto Locksmith - An Affordable Solution for Lost Car Keys

In the fast and busy life, most everyone prefers to have his/her own car. No doubt, it is the best way to be at ease in your location. The problem...

on Jul 22, 2014

Find the Right Shower Door for You

A shower door can be a good investment since they last long, can be custom fitted for your shower, and are available in many different styles....

on Jul 21, 2014

Is Your Business or Home Safe as Secure as It Should Be?

A safe or lock box can be a great way to protect valuables like family jewelry that you keep in your home. Safes are also a great option for...

on Jul 14, 2014

How to Save Money on Major Home Repairs

Major home repairs can take quite a chunk out of your hard-earned savings, so many homeowners do whatever they can to take the proper steps to...

on Jul 11, 2014

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

Actions

Random Articles

Let Window Cleaners Polish Up Your World!

Picture this! You arrive at work one morning to find all your commercial property's windows sparkling, the walls looking brand new, and the...

Windows / Siding

Five Ways to Spruce up your Deck

Although the deck has the potential to function as additional square footage to a home, it is all too often neglected or used as a catch all for...

Garden / Landscaping

Unscrupulous Contractor Scams

Avoid contractor fraud by protecting yourself when entering into a home construction project. Most of the misunderstandings pertaining to...

Hire Contractors / Estimates

How Walk-in Showers Can Aid Those with Reduced Mobility

If you have less than perfect mobility, the chances are lowering yourself into a bath-tub is out of the question. But if you have a shower that's...

Kitchen / Bathrooms

First Impressions Start at the Front Door

First impressions count in any number of situations and this is also true when you are trying to sell your property or present it in the best...

Doors / Garages

Contact Us | Submit Article | RSS | 411homerepair © 2014