411homerepair.com

Latest Articles

Tempered Glass vs. Regular Glass: A Comprehensive Guide

Glass has become the main part of modern architectural designs. It has long been used for decorative, security, functionality, and many other...

on Feb 27, 2020

6 Things You Need to Inspect on Your Septic System

The septic system is constantly processing large amounts of wastewater. It might be the last thing on your mind, but it is very important to do...

on Feb 26, 2020

What is Wrong With Your Commercial HVAC System?

A malfunctioning HVAC unit is a building owner’s headache that typically gets worse the longer it’s ignored! Because HVAC systems heat...

on Feb 25, 2020

Different Types of Concrete Resurfacing Techniques

Concrete was perhaps the most important invention in the world of construction, besides bricks. The use of concrete transcends place and time,...

on Feb 24, 2020

5 Tips on How to Increase House Values

If you are looking for ways to increase the value of your property and make potential buyers weak at the knees, these five handy tips on how to...

on Feb 17, 2020

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.

Sponsored Articles

Random Articles

Everything You Need to Know about Surviving with a Small Bathroom

It can take a bit of ingenuity to get the most out of your small bathroom.  This busy room may seem like it can’t spare a touch of space for a...

Kitchen / Bathrooms

More Tips on Home Inspections for Maintenance Purposes

Not all problems with a property are easy to spot. Leaks and broken shingles, cracked windows and other, more visual issues are problems you can...

Cleaning / Maintenance

Easy and Budget-friendly House Improvements: Bathroom Woes Be Gone

Everyone is remodeling their house nowadays. Most of them are not doing a complete overhaul but are only doing a few rooms at a time. But, the most...

Kitchen / Bathrooms

5 Ways Humidifiers Can Benefit You In The Cold Winter Months

Winter doesn’t just give us a harsh climate outdoors, though – the low humidity and stale air that is caused by modern HVAC systems can...

HVAC / Air Conditioning

5 Tips for Energy Efficient Home Makeovers

What if your makeover your home to not only make it look nicer, but so that it’s more energy efficient? With a number of technological innovations...

HVAC / Air Conditioning

Actions

Contact Us | Submit Article | 411homerepair © 2020