Discover The Unexpected Costs And Effects Of Overlooking A Performance Bond, And Recognize Why It's Vital To Steer Clear Of This Costly Blunder
Authored By-When a surety issues a performance bond, it assures that the principal (the event who buys the bond) will accomplish their commitments under the bond's terms. If the primary stops working to fulfill these obligations and defaults on the bond, the surety is responsible for covering any losses or problems that result.1. Loss of reputation