Discover The Hidden Expenses And Repercussions Of Neglecting A Performance Bond, And Understand Why It's Vital To Steer Clear Of This Costly Blunder
Uploaded By-When a guaranty issues a performance bond, it assures that the principal (the party that acquires the bond) will meet their responsibilities under the bond's terms. If the principal fails to fulfill these commitments and defaults on the bond, the surety is accountable for covering any losses or problems that result.1. Loss of online rep