DISCOVER THE UNEXPECTED COSTS AND REPERCUSSIONS OF DISREGARDING A PERFORMANCE BOND, AND UNDERSTAND WHY IT'S IMPORTANT TO STEER CLEAR OF THIS EXPENSIVE BLUNDER

Authored By-When a surety problems an efficiency bond, it guarantees that the principal (the party who purchases the bond) will meet their responsibilities under the bond's terms. If the major falls short to fulfill these responsibilities and defaults on the bond, the surety is accountable for covering any kind of losses or damages that result.1. L

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