Discover The Unexpected Expenses And Consequences Of Ignoring A Performance Bond, And Comprehend Why It's Important To Steer Clear Of This Expensive Mistake
Web Content Composed By-When a surety problems a performance bond, it assures that the principal (the party who purchases the bond) will fulfill their commitments under the bond's terms. If the principal fails to fulfill these commitments and defaults on the bond, the surety is in charge of covering any losses or damages that result.1. Loss of trac