Uncover The Concealed Expenses And Repercussions Of Defaulting On A Performance Bond, And Discover Why It's Important To Avoid This Pricey Error
Created By-When a guaranty issues a performance bond, it assures that the principal (the party who buys the bond) will certainly fulfill their responsibilities under the bond's terms. If the principal stops working to meet these obligations and defaults on the bond, the guaranty is responsible for covering any losses or damages that result.1. Loss