Back-Pedaling A Performance Bond Can Have Considerable Monetary Consequences.This Can Cause A Range Of Economic Effects, Including:
Developed By-When a surety issues a performance bond, it assures that the principal (the party who acquires the bond) will satisfy their obligations under the bond's terms. If the primary stops working to meet these obligations and defaults on the bond, the guaranty is accountable for covering any kind of losses or problems that result.1. Loss of r