Uncover The Concealed Prices And Repercussions Of Defaulting On A Performance Bond, And Learn Why It's Critical To Avoid This Pricey Misstep
Web Content Create By-When a surety problems a performance bond, it guarantees that the principal (the party that acquires the bond) will satisfy their obligations under the bond's terms. If the primary stops working to fulfill these commitments and defaults on the bond, the guaranty is accountable for covering any losses or problems that result.1.