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Best Area Rugs For Your Home or Office

Area rugs are commonly found in homes with hardwood flooring. They are ideal additions for hardwoods, oak floors, tiles, or laminates. They can...

on Oct 17, 2021

How to Decide if Selling Your Home When You Retire is a Good Idea

The closer you get to retirement age the more people start to think about how to survive in retirement. Although everyone knows that you should...

on Oct 8, 2021

What Should I Consider Before Buying a Snow Blower?

You have come to the right place looking for tips when shopping for a new snowblower and the top 4 things to consider. Like with all purchases that...

on Sep 30, 2021

How You Would Benefit Motion Detectors

Motion detectors do a lot of work for you. With a pair of motion detector glasses, you can feel really secure without even lifting a finger. These...

on Sep 30, 2021

Four Ways to Clean Wood Products in Your Home

Wooden furniture and wooden surfaces can be tough to maintain, primarily if they collect dust frequently and require constant cleaning. There are...

on Sep 29, 2021

What does a Bonded Contractor Mean?

by 411 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

Contact a licensed, bonded and insured contractor for free home improvement quotes.

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