Discover The Hidden Expenditures And Consequences Of Ignoring A Performance Bond, And Understand Why It's Necessary To Stay Away From This Costly Error
Writer-When a surety issues a performance bond, it assures that the principal (the party who acquires the bond) will certainly meet their commitments under the bond's terms. If the major fails to meet these responsibilities and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. Loss of track record: Ba