Discover The Concealed Expenses And Effects Of Neglecting A Performance Bond, And Understand Why It's Necessary To Avoid This Pricey Mistake
Content Created By-When a surety problems a performance bond, it assures that the principal (the party that purchases the bond) will satisfy their responsibilities under the bond's terms. If the primary stops working to satisfy these responsibilities and defaults on the bond, the surety is in charge of covering any losses or problems that result.1.