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Friday, 19 October 2018 02:36

Owner payment guarantee

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One, product definition:
The owner's payment guarantee is to ensure that the owner of the works contract payment obligations, provided by the owner to the contractor, to ensure that the owners pay the security of the project. Owners in the signing of the construction contract at the same time, the Contractor shall submit to the owner of the project payment guarantee. The construction projects that are not submitted to the owners of the works shall be deemed to have not been implemented.
Two, guarantee way:
1 bank guarantee
2 professional Guarantee Corporation
Three, guarantee period:
The validity period of payment of the owner's works shall be stipulated in the contract. The contract is valid deadline for the owners provide the contract completed in addition to the project quality warranty amount of payment for all the engineering settlement, within 30 days to 180 days.
Four, guarantee amount:
The amount of the security of the owner's payment guarantee shall be equal to the amount of the security of the Contractor's performance, which is generally 10% or 15% of the contract price. For the construction contract amount of more than 100000000 yuan project, the owner of the project payment security can be determined by the engineering contract payment cycle to implement the sub roll guarantee, but the amount of each period of the project contract amount of 10-15%. The owner of the project payment guarantee by using the sub roll guarantee, in the owners, project supervision engineer or cost engineer to confirm or settle the project schedule, the owners pay the corresponding project, the current owner of the project payment security is lifted, and automatically into the next phase of the project guarantee.
Five, processing flow:
Six, 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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