Discover The Unforeseen Costs And Consequences Of Neglecting A Performance Bond, And Recognize Why It's Important To Steer Clear Of This Costly Oversight
Author-When a surety issues a performance bond, it assures that the principal (the party that buys the bond) will fulfill their responsibilities under the bond's terms. If the principal fails to satisfy these commitments and defaults on the bond, the guaranty is responsible for covering any kind of losses or problems that result.1. Loss of credibil