Discover The Hidden Expenses And Effects Of Ignoring A Performance Bond, And Understand Why It's Vital To Avoid This Costly Blunder
Writer-When a guaranty issues an efficiency bond, it guarantees that the principal (the party who purchases the bond) will satisfy their commitments under the bond's terms. If the principal fails to meet these commitments and defaults on the bond, the guaranty is accountable for covering any losses or problems that result.1. Loss of reputation: Bac