CASE STUDY: THE DUTY OF A SETTLEMENT BOND IN MAINTAINING A CONSTRUCTION PROJECT





Back-Pedaling A Performance Bond Can Have Significant Financial Consequences.This Can Cause A Series Of Economic Impacts, Consisting Of:

Web Content Composed By-When a surety issues an efficiency bond, it ensures that the principal (the event who buys the bond) will accomplish their responsibilities under the bond's terms. If the major falls short to meet these commitments and defaults on the bond, the guaranty is accountable for covering any type of losses or problems that result.1

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