Uncover The Concealed Prices And Consequences Of Back-Pedaling A Performance Bond, And Find Out Why It's Important To Prevent This Costly Bad Move
Staff Writer-When a guaranty issues a performance bond, it assures that the principal (the event who purchases the bond) will fulfill their commitments under the bond's terms. If the principal falls short to satisfy these obligations and defaults on the bond, the surety is accountable for covering any losses or damages that result.1. Loss of reputa