Because the project expenses are more than projected, Overrun – A premium owed by the Principal. Additional premium is paid to the guaranty bond business for the overrun.
« Back to Glossary IndexPower site About the Bond Industry
Power Blog
Because the project expenses are more than projected, Overrun – A premium owed by the Principal. Additional premium is paid to the guaranty bond business for the overrun.
« Back to Glossary Index