Uncover The Hidden Prices And Effects Of Back-Pedaling A Performance Bond, And Discover Why It's Critical To Prevent This Pricey Misstep
Material Writer-When a surety problems a performance bond, it assures that the principal (the event that purchases the bond) will accomplish their commitments under the bond's terms. If the primary stops working to satisfy these obligations and defaults on the bond, the surety is responsible for covering any type of losses or problems that result.1