The Project Performance Guarantee is a promise to homeowners that ImproveNet projects will be completed to the contract specifications of the job. In order to qualify for the guarantee, homeowners are required to submit a copy of their signed contract to ImproveNet within a few days of signing. ImproveNet verifies that the contract is with an approved member professional, and contains a description of the scope of the work, total contract amount, payment schedule, estimated start and completion dates, and the signatures of the homeowner and contractor.
ImproveNet launches performance guarantees
October 10, 2001
ImproveNet recently introduced a Project Performance Guarantee on all home-improvement projects awarded through its site to its network of contractors.