DISCOVER THE UNFORESEEN COSTS AND CONSEQUENCES OF DISREGARDING AN EFFICIENCY BOND, AND UNDERSTAND WHY IT'S NECESSARY TO STEER CLEAR OF THIS EXPENSIVE MISTAKE

Short Article By-When a surety issues an efficiency bond, it assures that the principal (the party that acquires the bond) will fulfill their commitments under the bond's terms. If the principal stops working to meet these responsibilities and defaults on the bond, the surety is responsible for covering any kind of losses or damages that result.1.

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