Interested to Buy Any Domain ? << Click Here >> for more details...
please tell me about Advance Bank Gurantee & Performance
Bank Gurantee
- 3 Answers
- 16023 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 is meaning of H - form?
How many stock exchanges in India
What is Nominal value of Share?
Is labour act applicable for firms?
What should be the answere when asked "tell me about your self".
Expand---------MDRT
what is mean by tax holiday?
DIFFERENCE BETWEEN EQUITY SHARE CAPITAL & PREFERENCIAL SHAR CAPITAL
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
What is Holding co.
what is form No.32 in MCA?
5 Answers AV Bistro Private Limited, Harit Path, Hero Mindmine Institute,
Treatment of P&L A/c balance(either profit or loss)??
Audit 
