RESEARCH EXAMPLE: THE DUTY OF A SETTLEMENT BOND IN RESCUING A STRUCTURE JOB



Uncover The Covert Costs And Consequences Of Defaulting On A Performance Bond, And Discover Why It's Important To Prevent This Costly Misstep

Content Writer-When a surety problems an efficiency bond, it guarantees that the principal (the party who acquires the bond) will meet their responsibilities under the bond's terms. If the principal fails to fulfill these obligations and defaults on the bond, the guaranty is responsible for covering any kind of losses or damages that result.1. Loss

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