Discover The Surprise Expenses And Repercussions Of Back-Pedaling An Efficiency Bond, And Discover Why It's Essential To Prevent This Costly Misstep
Material Created By-When a surety issues a performance bond, it guarantees that the principal (the party who purchases the bond) will fulfill their obligations under the bond's terms. If the major fails to satisfy these commitments and defaults on the bond, the guaranty is responsible for covering any type of losses or problems that result.1. Loss