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Checklist To Evaluate Contractors

Looking for a professional contractor for commercial or residential construction projects can be all consuming.  There are steps that need to be followed to ensure that the contractor you are hiring can meet the performance expectations while staying on time and within budget.  In order to evaluate the contractor’s ability to accomplish this you must…

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Comparing Licensed, Bonded and Insured Contractors

What exactly is the difference between a contractor that is licensed, one that is bonded and/or one that is insured?  Competition in the construction industry is brutal.  Wading through contractors to determine the most qualified individual at the most reasonable price leaves many consumers baffled. Where can consumers skimp and where shouldn’t they when it…

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Steps to Obtain Surety Bonds

Surety bonds are contracts between a business, bonding company and third party.  They are purchased by businesses to confirm the fiscal worthiness of a company as well as to offer affirmation on their reputation.   If a business should fail to comply with a contract the bond acts as financial coverage to the third party. Obtaining…

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The Importance Of Surety Bonds

Many business owners see the bonding process as one big pile of inconvenient paperwork. The reality however is that without the financial support of bonds along with the financial backing of surety bonding companies the entire construction process would be askew. This is why surety bonding is so important throughout construction process. Bonding ensures that…

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Confusion When Hiring A Contractor?

If you are confused about hiring a contractor to do work around your home you are not alone.  The terminology is a bit confusing, laws in each state are different and regulations are constantly changing which makes the whole process of hiring contractors to perform work on your home is difficult.  Licensing within different trades…

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The Difference Between Insured and Bonded Contractors

When hiring a contractor there is a big difference between contractors that are insured, a contractor that is bonded or one that is both insured and bonded.  Exactly what are those differences and how do they affect you as a homeowner? When a contractor is bonded and insured it offers an incentive for homeowners to…

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