Interested to Buy Any Domain ? << Click Here >> for more details...
please tell me about Advance Bank Gurantee & Performance
Bank Gurantee
- 3 Answers
- 16105 Views
- TATA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / subhendu pattader
a) Advance bank gurantee is provide by the vendor's bank as
a gurantee on behalf of contractor as a proof of capability
to do the job or contract as per the terms and condition of
tender or purchase order. If vendor can't complete the job
as per the order or tender in that case customer can claims
for demarage or unsatisfaction charges against the
particular vendor and whole amount could be recovered from
the bank directly.
b) Performance bank gurantee provided by the vendor's bank
to the customer aganst the tender or purchase order for a
limited period. If the materials used or the works done by
the vendor will not working properly till the period
mentioned in purchase order or tender, that case customer
can claims and recover the amount against that gurantee
from the bank.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / s.p.patil
Ans:- 1)Advance Bank Guarantee is obtained from the
contractor for security measures to perform contract within
time frame as per terms and condition of the contract.
2)The contract Performance Bank Guarantee is intended to
secure the performance of the contract for guarantee period
of the equipments supplied. However . 100% payments will
be released only after submission of Perfromance Bank
Guarantee only.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / sunny vishavkarma
Please tell major difference between Contract performance bank guarantee and performance bank guarantee.
| Is This Answer Correct ? | 0 Yes | 0 No |
WHAT DO U MEAN BY DIVIDENDS. WHAT IS THE TYPE OF DIVIDEND AND IS THIS PROFIT OR INTREST?
What do u meant by Nifty? and how it is calculated?
Can I pay to electric company in cash for a quotation where the amount is more than Rs20000?
what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?
what's down payment method please axplain in detail
what is by brs?
52 Answers Accenture, Accounting, Air Force, Amazon, Capital IQ, Cognizant, FactSet Systems, Genpact, Reliance, Shiva Corporation, Shriram Bio Seed, Shriram General Insurance, Syntel, Thomson, Trimble Navigation, TTSL,
hat is the meaning of the capital ique,and hat is capital,and ahat is ique
what are all the things to be checked while consolidation of project/site accounts?
what is bonus issue?
when is the last date for filling of tds 4 th quarter
can a shadow director be counted for the Board Quorum?
What is Venture Capital
Audit 
