Legal analysis: The process of handling the project performance guarantee is as follows: 1. The applicant applies for opening a performance bond and fills in the application form for the bond; 2. Information submitted by the applicant; 3. Review data; 4. Sign the entrustment agreement; 5. Collect relevant fees, implement the deposit or counter-guarantee, and go through relevant procedures for counter-guarantee; 6. Issue a performance guarantee. The agency process of the guarantee company: 1, which provides the information of the guaranteed enterprise, project-related information and some signing materials to the guarantee company; 2, the guarantee company for approval; 3. Implement small deposits and go through the bank approval process.
Legal basis: Article 41 of the Construction Contract for Construction Projects In order to fully perform the contract, the employer and the contractor shall provide each other with the following guarantees: the employer shall provide the contractor with a performance guarantee and pay the project price as agreed in the contract; The contractor shall provide the performance guarantee to the employer and perform its obligations as agreed in the contract.