Back-Pedaling An Efficiency Bond Can Have Significant Economic Consequences.This Can Lead To A Range Of Financial Impacts, Including:
Uploaded By-When a guaranty issues a performance bond, it ensures that the principal (the party who purchases the bond) will accomplish their commitments under the bond's terms. If the major stops working to meet these commitments and defaults on the bond, the surety is responsible for covering any type of losses or problems that result.1. Loss of