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Friday, 19 October 2018 02:35

Contractor performance guarantee

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One, product definition:
Provided by the contractor to the owner, the Contractor shall ensure that the Contractor shall perform the obligations of the contract for the construction contract.
Two ways of guarantee for the performance of the Contractor's performance guarantee:
Bank guarantee;
Guarantee of professional Guarantee corporation;
Three, guarantee amount:
The amount of the guarantee for the performance of the Contractor shall not be less than 10% of the price of the project construction contract price (bid price). The amount of the guarantee shall not be less than 15% of the contract.
Four, guarantee period:
The validity of the performance guarantee to the Contractor shall ensure agreed in the contract, guarantee the reservation contract valid deadline for the construction of the project contract scheduled project completion and acceptance of the date of 30 days to 180 days.
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Five, special provisions:
The same bank or professional Guarantee Corporation shall not provide the owner of the same engineering construction contract to pay the guarantee or the Contractor's performance guarantee.
Six, processing flow:
Seven, customer request to submit a list of data:
1, the introduction of enterprise, the articles of association of the company 2, business license copy, corporate code certificate copies, tax registration certificate copy 3, business registration registration approved single, certificate of the legal representative of the 4, legal representative and agent ID 5, legal representative and main leader resume 6, registered capital verification report 7, the construction contract 8, three years of financial statements of 9, loan card information

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