Discover The Hidden Expenses And Effects Of Ignoring A Performance Bond, And Understand Why It's Essential To Steer Clear Of This Costly Mistake
Article Author-When a surety problems a performance bond, it assures that the principal (the event who purchases the bond) will satisfy their responsibilities under the bond's terms. If the major fails to meet these commitments and defaults on the bond, the guaranty is responsible for covering any losses or damages that result.1. Loss of online rep