What does a contractors bond cover?
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What does a contractors bond cover?
We had a contractor putting an addition on our garage to add a third bay. He walked away from the job. The addition is not square the block is 2.5 inches out of level. The floor slopes the wrong way and the siding trim is falling off. The bonding company told us that they will only fix code violations which these do not fit under. I had thought that the bond was so the job would be finished as per the contract. They also told us that we could not submit the bill from the door supplier that the contractor did not pay.
Asked on January 10, 2012 under Real Estate Law, Ohio
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The bond of the contractor that walked off the job that you have covers problems what is specifically stated in the bond purchased by the contractor up to the dollar value of the bond.
For you to ascertain what is covered under the bond of this contractor, you need to have a copy of it sent to you by the bonding company and carefully read the bond to see if it pertains in any part to the work of improvement on the property you have.
From what you have written, you should consult with an attorney who practices in the are of construction law.
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