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Uncover The Covert Costs And Repercussions Of Back-Pedaling A Performance Bond, And Discover Why It's Critical To Prevent This Expensive Mistake

Write-Up Writer-When a surety issues a performance bond, it ensures that the principal (the event who buys the bond) will fulfill their responsibilities under the bond's terms. If the major fails to satisfy these responsibilities and defaults on the bond, the guaranty is responsible for covering any losses or damages that result.1. Loss of credibil

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