Back-Pedaling An Efficiency Bond Can Have Significant Monetary Consequences.This Can Cause A Range Of Financial Impacts, Including:
Written By-When a surety concerns a performance bond, it guarantees that the principal (the party who purchases the bond) will satisfy their obligations under the bond's terms. If the primary fails to satisfy these commitments and defaults on the bond, the guaranty is accountable for covering any type of losses or damages that result.1. Loss of rep