Project construction bidding contract model (performance bank guarantee)

Performance bank guarantee

According to this warranty, our registered address is, and the registered address is the obligation to keep the full amount here. Under this warranty, the contractor and the guarantor shall ensure that they, as well as their successors and assignees, assume joint and separate obligations with respect to such payment.

According to the agreement reached between the owner and the contractor, the contractor has undertaken the contractual obligation to implement and complete a certain project, and in the event of any defects in the project, repair according to the relevant provisions of the above contract.

The conditions of the above written guarantees are expressed as follows: if the contractor correctly performs and abides by all the terms, conditions and provisions of the contractor's true subject matter, intentions and meanings as stated in the contract, or If the contractor breaches the contract, the guarantor will compensate the owner for the losses suffered until the total amount of the above-mentioned deposit is reached. At that time, the obligations assumed by this guarantee will be terminated and invalidated. Otherwise it will remain completely valid. However, the contract terms signed, or the implementation of the project. Completion and repair of any changes in the nature and scope of the defect, and any tolerance or forgiveness by the owner or supervising engineer in accordance with the time allowance granted by the contract or the owner or the above-mentioned supervision engineer regarding the contractual contract is not released. The obligations stipulated in the above-mentioned guarantees. However, it is only in the following circumstances to ensure that the talents are responsible for paying off the loss of the owner:

Upon receipt of written notice from both the owner and the contractor, the owner and the contractor have agreed to pay the owner the damages; or the guarantor receives a certificate in accordance with the terms of the contract, which is issued in accordance with the arbitration procedure, A copy of the award, which is legally proved, states that the damages should be paid to the owner.

Representative representative

Qualified as _____ with _____

Under the proof

Signed in _year_month_day_year_month_day