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How Heat Can Damage Your Roof

Your roof is the most important place of your house. Throughout the years, it protects your property from intense heat, cold temperatures, heavy...

on Sep 13, 2019

What are the Differences Between Household and Business Waste?

Skip hires are easy-to-use, convenient, and dependable whether for domestic or for business purposes. If you are not sure whether you need a skip...

on Sep 12, 2019

4 Professional Home Plumbing Tips and Ideas You Must Know About

It can be a relief to own your own home instead of an apartment. There is no rent to pay, you can decorate your home how you like, and you do not...

on Sep 12, 2019

When Should I Replace My Air Conditioner?

Like everything else, an air conditioner doesn’t last forever. The average air conditioning system lasts as long as 15 years, depending on...

on Sep 12, 2019

10 Interior Design Tricks to Try Right Now

The smallest things can make the most impact if you are looking for ways to quickly decorate a new space or would like to improve on your current...

on Sep 3, 2019

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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