THE VALUE OF LICENSE AND AUTHORIZATION BONDS: SAFEGUARDING YOUR ORGANIZATION AND STRUCTURE TRUST FUND



The Repercussions Of Failing To Fulfill An Efficiency Bond

Written By-When a guaranty issues a performance bond, it guarantees that the principal (the party that buys the bond) will certainly accomplish their obligations under the bond's terms. If the major stops working to meet these responsibilities and defaults on the bond, the surety is in charge of covering any type of losses or problems that result.1

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