Discover The Unforeseen Expenses And Repercussions Of Overlooking A Performance Bond, And Understand Why It's Important To Avoid This Expensive Mistake
Composed By-When a guaranty concerns a performance bond, it assures that the principal (the party who purchases the bond) will accomplish their responsibilities under the bond's terms. If the principal stops working to fulfill these responsibilities and defaults on the bond, the guaranty is accountable for covering any losses or problems that resul