Discover The Hidden Expenditures And Consequences Of Disregarding A Performance Bond, And Understand Why It's Essential To Stay Away From This Costly Error
visit the up coming webpage -When a guaranty issues a performance bond, it ensures that the principal (the party who acquires the bond) will fulfill their obligations under the bond's terms. If the principal fails to fulfill these obligations and defaults on the bond, the guaranty is responsible for covering any losses or damages that result.1. Los