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8 Effective Ways to Keep Mosquitoes Away This Summer

Backyard barbecues, playing catch with your child, relaxing by the pool… These summer activities are so close to perfect, but it only takes...

on Jun 22, 2018

Top Tips For Choosing The Best Type Of Roofing For Your New Home

When you are in the process of choosing a new roof for your home, there are a lot of different things that should influence your decision. There...

on Jun 21, 2018

Should I Try To Tackle Resurfacing My Pool On My Own?

The pool becomes a gathering place where your friends and family get together to enjoy the evenings. In fact, you have invested so much energy and...

on Jun 21, 2018

5 Reasons Why You Must have a Porch Swing

When you think of a porch swing, you would think of a nice decorative piece for your house. However, a lesser known fact is that these swings...

on Jun 15, 2018

5 Major Benefits of Home Security Alarm Systems

We all fret from thinking about home security alarm systems as we all know of the costs that come with it. However, we must also keep in mind what...

on Jun 15, 2018

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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