Back-Pedaling An Efficiency Bond Can Have Significant Financial Consequences.This Can Lead To A Series Of Financial Impacts, Consisting Of:
Author-When a surety issues a performance bond, it ensures that the principal (the event who buys the bond) will meet their responsibilities under the bond's terms. If the principal falls short to satisfy these commitments and defaults on the bond, the surety is accountable for covering any kind of losses or damages that result.1. Loss of track rec