Discover The Covert Expenses And Consequences Of Back-Pedaling A Performance Bond, And Find Out Why It's Critical To Avoid This Pricey Bad Move
Writer-When a surety issues an efficiency bond, it ensures that the principal (the party who purchases the bond) will fulfill their responsibilities under the bond's terms. If the major falls short to meet these responsibilities and defaults on the bond, the surety is responsible for covering any kind of losses or problems that result.1. Loss of re