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Ideas on How To Change Your Outdoor Living Style

It is rightly said “Home Sweet Home”, where you come back for relaxation, family time, protection and comfort. Your dream house can...

on May 27, 2016

The Benefits of a Party Wall Award - Why You Need One

Last year, my husband and I decided that we were going to extend our house. We obtained all the planning permission from our local council and had...

on May 26, 2016

Cool Renovation Trends for Old Pools

Do you have an old pool that needs some serious makeover? Or did you just move to a house with a hideous one? Worry not. An outdated pool is not...

on May 24, 2016

How To Lay A Concrete Floor

For many home renovation projects, you will need to lay a new concrete floor. It could be in a basement that you want to fix up, or perhaps for a...

on May 24, 2016

Three Things to Consider When Planning a Swimming Pool Installation

Building a swimming pool in your backyard or garden can lead to a huge amount of excitement and fun. If you’re making plans to have a...

on May 18, 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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