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How to Reinforce Home Security with Telephone Entry Systems

Security matters are vital. Though, we are often skeptical to new age intercom systems and ignore their great value to our daily convenience but...

on Oct 24, 2014

5 Tips for Keeping a Clean Home This Winter

Many people think of spring cleaning as the busiest cleaning season of the year. Although most people save all of their de-cluttering for...

on Oct 22, 2014

How to Plan for Outdoor Kitchens – Important Tips and Facts

Building outdoor kitchens has become an extremely popular idea, homeowners often preferring to create a natural, elegant and hospitable setting to...

on Oct 14, 2014

Proper Swimming Pool Maintenance

Pools are not just holes in the ground that are then filled with water. They are complicated areas of your property that require a lot of care and...

on Oct 14, 2014

Are You a Homeowner? Six Things You Must Know about Plumbing Maintenance

When you own a home, you want to keep it in the best shape possible. Routine maintenance and taking care of small problems before they get big are...

on Sep 30, 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.

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