DISCOVER THE UNFORESEEN EXPENSES AND REPERCUSSIONS OF DISREGARDING AN EFFICIENCY BOND, AND UNDERSTAND WHY IT'S VITAL TO STAY AWAY FROM THIS EXPENSIVE MISTAKE

Web Content Author-When a guaranty concerns an efficiency bond, it ensures that the principal (the party that acquires the bond) will satisfy their commitments under the bond's terms. If the primary stops working to satisfy these responsibilities and defaults on the bond, the surety is accountable for covering any losses or problems that result.1.

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