Reveal The Surprise Costs And Consequences Of Defaulting On A Performance Bond, And Learn Why It's Important To Prevent This Expensive Misstep
Content Produce By-When a surety problems a performance bond, it guarantees that the principal (the party who buys the bond) will certainly fulfill their obligations under the bond's terms. If the major falls short to fulfill these obligations and defaults on the bond, the surety is responsible for covering any type of losses or damages that result