Discover The Unexpected Costs And Repercussions Of Disregarding An Efficiency Bond, And Recognize Why It's Important To Avoid This Costly Blunder
Write-Up Writer-When a surety problems a performance bond, it assures that the principal (the party who buys the bond) will satisfy their commitments under the bond's terms. If the principal falls short to fulfill these responsibilities and defaults on the bond, the surety is responsible for covering any losses or problems that result.1. Loss of tr