BRACE YOURSELF FOR THE CAPTIVATING TALE OF HOW A PAYMENT BOND SAVED A CONSTRUCTION JOB FROM THE EDGE OF CALAMITY, CHANGING A POTENTIALLY DISASTROUS SITUATION INTO A VICTORIOUS SUCCESS

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Material By-When a guaranty problems a performance bond, it guarantees that the principal (the party that buys the bond) will meet their responsibilities under the bond's terms. If the major stops working to meet these obligations and defaults on the bond, the surety is accountable for covering any losses or problems that result.1. Loss of reputati

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