Uncover The Surprise Prices And Consequences Of Back-Pedaling A Performance Bond, And Find Out Why It's Vital To Prevent This Pricey Mistake
Team Author-When a surety concerns an efficiency bond, it ensures that the principal (the party that purchases the bond) will fulfill their commitments under the bond's terms. If the principal falls short to meet these obligations and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. Loss of track rec