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| What is the use of surety bond? https://www.labplanet.net/juttelupalstakolme/viewtopic.php?f=3&t=314739 |
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| Author: | JohnAlex216 [ Tue Apr 12, 2022 4:18 pm ] |
| Post subject: | What is the use of surety bond? |
A contract surety bond is typically used to guarantee the performance of a contractor (who in this case is the principal) for a construction contract. If the contractor falls through, the surety company must secure another contractor to complete the project or reimburse the project owner for any financial loss.19-Aug-2021 |
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