Discover The Unforeseen Costs And Consequences Of Neglecting A Performance Bond, And Understand Why It's Essential To Steer Clear Of This Costly Mistake
bond insurance definition Develop By-When a surety problems a performance bond, it assures that the principal (the party that purchases the bond) will meet their obligations under the bond's terms. If the major fails to fulfill these obligations and defaults on the bond, the surety is in charge of covering any type of losses or damages that result