Discover The Unexpected Costs And Effects Of Disregarding A Performance Bond, And Recognize Why It's Important To Stay Away From This Expensive Mistake
Staff Author-When a guaranty concerns a performance bond, it ensures that the principal (the party who buys the bond) will fulfill their commitments under the bond's terms. If the primary fails to meet these obligations and defaults on the bond, the surety is in charge of covering any type of losses or problems that result.1. bid bond significado