DISCOVER THE UNFORESEEN COSTS AND REPERCUSSIONS OF IGNORING AN EFFICIENCY BOND, AND RECOGNIZE WHY IT'S IMPORTANT TO STAY AWAY FROM THIS COSTLY BLUNDER

Web Content Author-When a surety issues a performance bond, it guarantees that the principal (the party that purchases the bond) will certainly fulfill their responsibilities under the bond's terms. If the major fails to meet these obligations and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. Loss

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