DISCOVER THE UNFORESEEN COSTS AND REPERCUSSIONS OF IGNORING AN EFFICIENCY BOND, AND RECOGNIZE WHY IT'S IMPORTANT TO STEER CLEAR OF THIS EXPENSIVE OVERSIGHT

Web Content Create By-When a guaranty problems a performance bond, it assures that the principal (the party who buys the bond) will satisfy their obligations under the bond's terms. If the primary fails to fulfill these responsibilities and defaults on the bond, the guaranty is accountable for covering any type of losses or damages that result.1. L

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