DISCOVER THE UNFORESEEN COSTS AND REPERCUSSIONS OF DISREGARDING AN EFFICIENCY BOND, AND RECOGNIZE WHY IT'S IMPORTANT TO STEER CLEAR OF THIS COSTLY MISTAKE

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Write-Up Developed By-When a surety problems an efficiency bond, it ensures that the principal (the event that purchases the bond) will meet their commitments under the bond's terms. If the primary falls short to satisfy these commitments and defaults on the bond, the surety is in charge of covering any type of losses or damages that result.1. Loss

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