Discover The Concealed Expenses And Effects Of Defaulting On A Performance Bond, And Find Out Why It's Essential To Avoid This Pricey Mistake
Developed By-When a surety problems an efficiency bond, it guarantees that the principal (the event who acquires the bond) will fulfill their obligations under the bond's terms. If the primary fails to meet these obligations and defaults on the bond, the surety is responsible for covering any losses or problems that result.1. Loss of track record: