THE FINANCIAL IMPACT OF BACK-PEDALING A PERFORMANCE BOND

The Financial Impact Of Back-Pedaling A Performance Bond

Post Created By-When a surety problems an efficiency bond, it assures that the principal (the party who buys the bond) will meet their obligations under the bond's terms. If the major fails to satisfy these commitments and defaults on the bond, the guaranty is responsible for covering any kind of losses or damages that result.1. Loss of credibility

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