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Knowing When to Repair or to Replace Your Dishwasher

For most of the people nowadays, the trouble of having your appliance repaired or replaced is a really big deal. For instance, your dishwasher was...

on Apr 16, 2014

Choosing Flooring When Building a Home

Flooring is a practical element in the design of a home. Not only is flooring practical but it adds to the overall look of the home and adds style...

on Apr 11, 2014

Decorating a Deck Area

There are many appealing ways to decorate a home's deck. A deck with comfortable furnishings sets a comfortable atmosphere for any gathering of...

on Apr 9, 2014

Remodel Your Kitchen to Store Wine

If you truly love wines why keep them in the basement? You can keep them close to yourself and ready for consumption anytime. Though the basements...

on Apr 8, 2014

Here is Why I Choose Spray Foam Insulation for my Home

Many building insulation materials are now commercially available to take care of the issue of loss of heat. However, I choose spray foam...

on Apr 8, 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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