Discover The Unexpected Expenses And Consequences Of Disregarding An Efficiency Bond, And Recognize Why It's Vital To Stay Away From This Pricey Error
Created By-When a surety issues an efficiency bond, it guarantees that the principal (the party that acquires the bond) will satisfy their responsibilities under the bond's terms. If the principal stops working to fulfill these obligations and defaults on the bond, the surety is responsible for covering any type of losses or damages that result.1.