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5 Dead Simple Ways to Upgrade Your Landscape

Landscaping an entire yard is a big job, but a beautiful backyard doesn’t have to break the bank. With a little creativity and a little elbow...

on Sep 20, 2018

5 Tips for Hiring a Reliable Painting Contractor

Owning a house comes with rewards and burdens. If there’s one thing every homeowner can agree on, it’s that maintenance can be intimidating....

on Sep 20, 2018

Seven Things to Get When Remodeling Your Kitchen

If you’re a home owner, there’s probably going to come a time when you want to remodel parts of your home. Maybe the things you have in it are out...

on Sep 20, 2018

Make Residential Move Easier with Less Stuff

One great way to prepare for an upcoming residential move is to thin out your stuff. All of us have moved to a new place and then unpacked boxes...

on Sep 19, 2018

6 Eco-Friendly Ideas to Beautify and Liven Up Your Home Sweet Home

“There’s no place like home…” everyone has heard this phrase a million times, but it doesn’t mean it’s true...

on Sep 18, 2018

What does a Bonded Contractor Mean?

by Guest 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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