Discover The Hidden Costs And Repercussions Of Overlooking An Efficiency Bond, And Understand Why It's Vital To Avoid This Expensive Oversight
Material By-When a surety concerns a performance bond, it guarantees that the principal (the party that acquires the bond) will meet their commitments under the bond's terms. If the principal stops working to fulfill these obligations and defaults on the bond, the surety is accountable for covering any losses or damages that result.1. Loss of credi