DISCOVER THE UNEXPECTED EXPENSES AND EFFECTS OF OVERLOOKING A PERFORMANCE BOND, AND RECOGNIZE WHY IT'S NECESSARY TO STEER CLEAR OF THIS EXPENSIVE BLUNDER

Content Author-When a guaranty concerns a performance bond, it assures that the principal (the party that buys the bond) will accomplish their commitments under the bond's terms. If the primary stops working to meet these responsibilities and defaults on the bond, the guaranty is accountable for covering any type of losses or problems that result.1

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