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.

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.

Answer / sunny vishavkarma

Please tell major difference between Contract performance bank guarantee and performance bank guarantee.

i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.

2 Answers  

---

How do you annalyse the Goodwill value of the Company ?? does the net worth value is the same as Goodwill value or wht ??

1 Answers   Wipro,

---

What is the percentage of DA to be cut from an employee salary ?

2 Answers   ITC Infotech,

---

what do you mean by blue chip companies?

2 Answers  

---

My Question is how do we distribute profit in pvt ltd, btwn directors and share holders...the pvt ltd is unregistered.

2 Answers  

---

---

If you have a charitable company, limited by guarantee, and a trading subsidiary, which is also a company, how do you consolidate the accounts?

1 Answers  

---

is cs equivalent to post graduation course?

2 Answers  

---

What is Venture Capital

4 Answers   Brigade,

---

what is the difference between public company and private company

12 Answers   TCS,

---

what need to b a cs is graduation is necessary?

1 Answers  

---

Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?

0 Answers   State Bank of Hyderabad SBH,

---

What is meaning of H - form?

11 Answers   Delta, Jindal,

---