For large construction enterprises, the People’s Bank of China has more bank credit to expand reproduction.
Reduce the probability of malicious default and embezzlement of construction enterprise deposits, and ensure the interests of construction enterprises.
According to the needs of the central and local governments for the development of the latest margin in the field of construction projects, the guarantee of migrant workers’ wage payment and defect maintenance also began to appear.
However, according to the national policies, the performance bond can be submitted in the form of a bond, which can reduce the occupation of funds and increase the normal operation of the project.
Today, according to the recent business consultation summary of the construction bosses, we will introduce the conventional letter of guarantee business in the construction industry, and welcome your advice.
The comparison of advantages between different guarantees is as follows: the introduction of the bid guarantee project and the template reference 1.
All bosses are ready to show their skills.
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For small and medium-sized construction enterprises, it can liberate cash flow and reduce the financial burden of enterprises.
The guarantee content is as follows, and the guarantee needs to be guaranteed for 3 months.
Several conventional forms of guarantee 1.
First of all, what is the guarantee? Letter of guarantee refers to a written credit guarantee issued by a bank, insurance company, guarantee company or individual to a third party at the request of the applicant.
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Since the commencement of the 7th day of the year, the construction bosses have received the largest amount of consultation.
In different project periods, different corresponding project guarantees guarantee the rights of the Employer, and assume different functions of guarantee in each period.
At the beginning of the new year, everything will be renewed.
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Performance bond: according to the relevant national policies, during the construction of the project, after signing the legal documents after the bidding, Party A will require Party B to submit the performance bond of the project to ensure that Party B can normally perform the relevant provisions in accordance with the contract terms.
The requirements of the bidding documents stipulate that the bank bid guarantee can be used to replace the bid security.
The advantages of the letter of guarantee are for construction enterprises: 1.
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According to the new national policies and the requirements of each bid inviter, the bid security can be submitted in the form of a letter of guarantee instead of a bond, that is, the letter of guarantee can be used to save the bid security and increase work efficiency.
Guarantee for payment of migrant workers’ wages: submit the guarantee for payment of migrant workers’ wages when handling the construction permit.
The main content of the project is that an external wall construction enterprise requires to provide a bid security with a guarantee amount of more than 2 million yuan.
In the case of a claim for migrant workers’ wages, the Construction Bureau holds the guarantee to the guarantor and asks the guarantor to claim the latter for mediation, so as to solve the fundamental problem of wage arrears of migrant workers.
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Project quality guarantee: It is the insurance provided by the insurance company to the project owner to ensure that the project construction contractor performs the obligation of repairing project quality defects within the defect liability period.
If the construction unit fails to use the advance payment as required, the owner has the right to claim.
Bid guarantee letter: Bid guarantee letter is mainly used in the bidding stage of the project, when the bid inviter or the bid inviter is the owner of the bid, and the bid inviter is required to submit the bid security.
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According to the bosses, various projects will continue to start after the year, with funds, teams and personnel in place.
In the field of construction engineering, guarantee insurance/guarantee covers a wide range, mainly including bid guarantee, performance guarantee, advance payment guarantee, payment guarantee insurance, etc.
Advance payment guarantee: The advance payment guarantee is mainly a guarantee for the legal and compliant use of the advance payment by the construction unit.
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2023 is destined to be a year of rapid progress.