GUIDE ON GETTING AUTHORIZATION FOR A PERFOMANCE BOND: STEP-BY-STEP DIRECTIONS




The Consequences Of Failing To Meet Performance Bond Commitments

Content Create By-When a surety issues an efficiency bond, it ensures that the principal (the party that buys the bond) will certainly meet their obligations under the bond's terms. If the major falls short to meet these commitments and defaults on the bond, the surety is responsible for covering any type of losses or damages that result.1. Loss of

read more