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5 Easy DIY Steps to Fix Common Air Condition Problems

It can be quite frustrating to have your AC pack up on your when the weather is hot. And then you either have to endure the heat or call a...

on Dec 14, 2017

Maintaining Shopping Centres with Industrial Vacuum Cleaners

If your home is based in a metropolitan area, you’ll know how busy it gets in most shopping centres across the vicinity, especially during...

on Dec 14, 2017

How to Protect Your Home from Burglars

Burglary is one of the most common crimes in the world. It is also the easiest to prevent. In the US, statistics show that a burglary is committed...

on Dec 13, 2017

A Guide to Garden Landscaping and Maintenance

Not all of us are green fingered and relish the thought of spending an entire weekend tending to our gardens. Even if this is the case, any garden...

on Dec 11, 2017

What Makes Garage Doors Safe?

Sometimes, it helps to change your perspective to understand clearly a problem. This is true for garage doors and safety issues as well. When you...

on Dec 8, 2017

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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