Discover The Hidden Costs And Repercussions Of Disregarding An Efficiency Bond, And Comprehend Why It's Essential To Stay Away From This Costly Mistake
Web Content By-When a surety issues a performance bond, it ensures that the principal (the party who buys the bond) will satisfy their obligations under the bond's terms. If the primary fails to fulfill these commitments and defaults on the bond, the surety is accountable for covering any losses or problems that result.1. Loss of online reputation: