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5 Ways to Transform Your Bathroom in to the Perfect Spa

Do you sometimes feel the day weighing on you? Do you at times just wish to cozy up and spend hours in a musical seclusion? Do you want to just...

on Oct 17, 2017

5 Home Repairs You Need to Know

Our house is one of the most prized possession we own or rent. All humans tend to spend a fair bit of money on building a lovely home to cherish....

on Oct 17, 2017

10 Top Tips to Get You Moving Like a Pro

Moving to a new place can be wonderful and exciting until you start to think of all the stuff you have to figure out to make your moving fast and...

on Oct 13, 2017

Common Mistakes to Avoid When Remodeling Your Home

Buying a new home comes with a feeling of achievement and excitement. But no matter how dreamy a home may look like from the outside, you might...

on Oct 13, 2017

5 Weird Products you need for an Amazing Kitchen

These days, kitchens have become just as technologically advanced as anything else in the world. While some people who love to cook are tech-savvy...

on Oct 12, 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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