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Friday, 19 October 2018 02:36

Advance payment guarantee

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One, product definition:
Owners to pay to the contractor or supplier contracts agreed advance, guaranteed by the contractor or supplier to the owners submitted to ensure the in accordance with the contract agreed correct and reasonable for the purposes of the contract using the advance payment, and according to the contract with the owners of the amount deducted from the prepaid amount, not to advance payment for other purposes.
Two, guarantee way:
.
1 bank guarantee
2 professional Guarantee Corporation
Three, guarantee amount:
The amount of the advance payment shall be determined by the owner and the contractor in consultation, generally for the construction contract price (bid price) 10%. The bid invitation project, which uses the lowest bid price method which is used by the assessment, shall not be less than 15% of the contract.
Four, guarantee period:
Negotiated by the owner and the contractor or supplier, the validity period of the advance payment guarantee shall not exceed 30 days after the full return or deduction of the advance payment.
Five, advance payment guarantee:
To ensure that the people are able to carry out the construction in accordance with the contract and pay the full amount paid by the owner. If the contractor to quit the contract, terminate the contract, owners can not within the prescribed time limit with the project payment deduct all the advance payment, the owner as the beneficiary of the letter of guarantee has the right to by advance payment guarantee to the banks and security companies claim the amount of the guarantee of the guarantee.
Six, processing flow:
Seven, submit information:
Business license copy, legal person code certificate copy, copy of the tax registration certificate, business registration registration approved single, certificate of the legal representative, the legal representative of the authorized books, legal representative and agent ID, and the legal representative of the main leaders of the resume, registered capital verification report, the enterprise qualification certificates, enterprise is introduced and the articles of association, winning notice, the construction contract, recently three years audit reports, loan card copy and query log

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