Reveal The Covert Expenses And Repercussions Of Back-Pedaling A Performance Bond, And Learn Why It's Crucial To Avoid This Pricey Bad Move
Content Writer-When a surety issues an efficiency bond, it ensures that the principal (the party who buys the bond) will accomplish their commitments under the bond's terms. If the principal fails to meet these commitments and defaults on the bond, the surety is accountable for covering any kind of losses or damages that result.1. Loss of reputatio