Discover The Surprise Prices And Repercussions Of Back-Pedaling A Performance Bond, And Learn Why It's Important To Avoid This Costly Bad Move
Author-When a guaranty problems a performance bond, it ensures that the principal (the party that purchases the bond) will accomplish their obligations under the bond's terms. If the major fails to fulfill these responsibilities and defaults on the bond, the surety is responsible for covering any losses or problems that result.1. Loss of track reco