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	Subject - Contractor is bonded? Cinner What does it mean when a contractor is bonded? Does it mean that...if a company is bonded for lets say $10,000 that this money is held in trust for any faulty work that they do and an unhappy customer can obtain their money back from this bond? David Hyatt I am no expert here, but I believe a bond is required by some contractors. This is to prove your credit and accountability if a job is not completed and your suppliers will be paid. I do no one thing it is a waste of money. sparkie2170 I am not an expert either, however there are a few different bonds. There is a completion bond which provides accountability in the event of non completion of a project. There is a licence and permit bond which is posted to give the issuing licensing agency some protection, and there is a surety bond that covers theft vandalism etc. by employees of a company. If you live in Chicago you get to know all these intamately! veganfan I know if I go to take masters test in Indianapolis IN I have to have at least a five thousand dollar bond made out to testing center. If I test in terre Haute In I do not need this. Why? And why is it made out to place that tests me? Doug Wells Hi Cinner Here is the lastest update for Bonding in the Province of British Columbia http://www.safetyauthority.ca/docs/letter_to_companies_to_issue_bonds.pdf