Discover The Surprise Expenses And Consequences Of Back-Pedaling A Performance Bond, And Find Out Why It's Crucial To Avoid This Pricey Misstep
Web Content By-When a guaranty concerns a performance bond, it assures that the principal (the party who purchases the bond) will accomplish their commitments under the bond's terms. If the principal fails to satisfy these obligations and defaults on the bond, the surety is accountable for covering any losses or damages that result.1. Loss of credi