Discover The Unforeseen Expenses And Effects Of Disregarding A Performance Bond, And Recognize Why It's Vital To Avoid This Costly Mistake
Team Author-When a surety issues a performance bond, it assures that the principal (the celebration that acquires the bond) will meet their responsibilities under the bond's terms. If the principal fails to meet these obligations and defaults on the bond, the surety is responsible for covering any type of losses or problems that result.1. Loss of c