What are the standard procedures and precautions for guarantee companies to carry out bid guarantee business?

Specification for the specific operation flow of the company's guarantee business:

A, bid (letter of guarantee) guarantee:

1. Definition:? The guarantor assures the tenderer (beneficiary) that the bidder (applicant) will abide by its promise once winning the bid within the validity period of the quotation. If the bidder breaches the contract, the guarantor will pay the agreed amount to the tenderer within the guaranteed amount.

2. Operation process?

( 1).? If the customer applies for a guarantee (fill in the letter of commitment for entrusted guarantee), if it is a bank guarantee, the customer should also issue an "application for opening a guarantee" to the bank. The project manager accepts the business, collects the data (provided according to the requirements of the list) and fills in the project handling sheet;

(2).? The project manager will submit the above information to the department manager for signature after the preliminary examination;

(3).? After the department manager reviews, submit the above information to the risk management department examiner for review;

(4).? The examiner submits the data to the head of the risk management department for approval? The auditor submits the information and guarantee to the general manager of the company for approval, and signs and seals the guarantee;

(5).? Examiner? Submit payment notice to finance department, issue receipt and collect relevant fees;

(6).? The inspector will deliver the letter of guarantee to the project manager, deliver it to the customer to sign the agreement, and return the remaining materials to the project manager. After being examined and signed by the bank, the company will issue a letter of guarantee or the bank will issue a letter of guarantee.

(7).? The project manager arranges the project data and submits it to the examiner for future reference;

(8).? Post-insurance management; Compensation and restoration (if any); Ensure the end of the project

3. List of information to be provided by the applicant (customer):

( 1).? Copy of business license (with official seal) and official seal confirmation certificate (with official seal);

(2).? Copy of qualification certificate, loan certificate and code certificate (with official seal);

(3).? Copy of legal representative's certificate and ID card (with official seal);

(4).? Power of attorney of the legal representative (official seal);

(5).? Bidding documents (official seal) and articles of association;

(6).? Copy of the ID card of the handler (with official seal).

Second, the performance guarantee certificate (letter of guarantee) guarantee:

1. Definition:? Performance guarantee provided by the guarantor to the project owner (beneficiary) at the request of the labor service party or the bidder (applicant) and the owner. If the bidder (applicant) wins the bid, the guarantor has the ability to continue to provide the contract performance guarantee to the owner for the winning bidder, otherwise the guarantor shall be liable for compensation to the beneficiary. ?

2. Operating procedures?

( 1).? The customer applies for guarantee (fill in the entrustment guarantee agreement or commitment letter). If it is a bank guarantee, the customer should also issue an "application for issuing a guarantee certificate" to the bank. The project manager accepts the business, collects the data (provided according to the requirements of the list) and fills in the project handling sheet;

(2).? The project manager will submit the above information to the department manager for signature after the preliminary examination;

(3).? After the department manager reviews, submit the above information to the risk management department examiner for review;

(4).? After review, the risk examiner will submit the data to the person in charge of the risk management department for approval, and the legal office will draw up a counter-guarantee agreement, which will be signed and agreed by both parties;

(5).? The risk examiner submits the information and guarantee to the general manager of the company for approval, and signs and seals the guarantee;

(6).? The risk reviewer shall fill in the Payment Notice according to the determined amount of expenses and submit it to the Finance Department for signature, and collect relevant fees;

(7).? The risk inspector will submit the letter of guarantee to the project manager, and the company will issue a letter of guarantee certificate or a bank letter of guarantee certificate after the bank has reviewed and signed it;

(8).? The project manager arranges the project data and submits it to the examiner for future reference;

(9).? Post-warranty management and regular inspection; Compensation and restoration (if any); Ensure the end of the project

3. List of information to be provided by the applicant (customer):

( 1).? Copy of business license (with official seal) and official seal confirmation certificate (with official seal);

(2).? Copy of qualification certificate, loan certificate and code certificate (with official seal);

(3).? Copy of legal representative's certificate and ID card (with official seal);

(4).? Power of attorney of the legal representative (official seal);

(5).? Bidding documents (with official seal) and articles of association (with official seal);

(6).? Copy of the ID card of the agent (with official seal);

(7).? Copy of tax registration certificate (with official seal);

(8).? Only provide the capital verification report as required (with official seal);

(9). Audit reports and financial statements for the last two years (official seal);

(10). Resolution of the board of directors (with official seal), shareholder list and signature;

( 1 1).? It is proposed to take counter-guarantee measures.