Interested to Buy Any Domain ? << Click Here >> for more details...
please tell me about Advance Bank Gurantee & Performance
Bank Gurantee
- 3 Answers
- 16147 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 |
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?
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE? 6. what is mutualfund? 7. why net profit shown liabilities side in balance sheet?
what is bonus issue?
The stock investment and opening stock of a firm are Rs.500 and Rs.1000 respectively. Calculate its closing stock.
WHAT DO U MEAN BY DIVIDENDS. WHAT IS THE TYPE OF DIVIDEND AND IS THIS PROFIT OR INTREST?
In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain
How can i make entry of tds on salary in tally
Give the company law and income tax law depriciations rates how both are calculte?
how to solve the problem of sechdule date problem in sap proframme.
"X" company paid the salaries to staff. Then what are the entry? Is debiting the employee A/c, or Salary A/c? If salary A/c debited, how we can find if "a" employee salary paid or not? If we debiting the employee A/c, how to find how much amount we paid for salaries?
how does one calculate goodwill by super profit method
If you have a charitable company, limited by guarantee, and a trading subsidiary, which is also a company, how do you consolidate the accounts?
Audit 
