Interested to Buy Any Domain ? << Click Here >> for more details...
please tell me about Advance Bank Gurantee & Performance
Bank Gurantee
- 3 Answers
- 16146 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 |
how to start a personal finance company that is not require RBI registration.
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,
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?
what was the need of Merger in 1991?
if i want a c form from sale tax department and i have cst number. what would it cost to me.
where will be effect the amount of depreciation in company final account? If it will effect in P&L A/c & Balance Sheet also than will amount be same in both sheet?
Expand---------MDRT
which document to be require to registration of Shop & establishment of Propiretor Ship?
WHAT IS THE PROCESSOR OF IMPORT & EXPORT
What is the percentage rate of PF,ESI,PROFESSION TAX,SERVICE TAX,VAT,INCOME TAX in BANGALORE?
What is claim ratio ?
I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?
Audit 
