Which of the following is NOT typically a role of the surety in a bond agreement?

In a bond agreement, the surety's primary role is to provide a guarantee that the principal (the party obtaining the bond) will fulfill their obligations as outlined in the contract. This involves providing financial backing, which ensures that if the principal fails to perform, the surety will step in to cover the losses or costs incurred.

Monitoring the principal's performance is also a part of the surety’s responsibilities. By keeping track of how the principal is managing their obligations, the surety can assess potential risks and take necessary actions if issues arise.

However, the surety does not typically engage in the direct oversight of project implementation. Instead, the responsibility for managing the project lies with the principal. The surety is there to provide a safeguard and assurance to the project owner that the principal will fulfill their contractual obligations, rather than actively managing or overseeing the project itself. This distinction highlights the surety's role as a guarantor rather than an active participant in the execution of the work. Ensuring obligations are fulfilled is part of the surety's guarantee function, but it does not involve direct management of the project.