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Sidhartha (Student)     21 July 2012

Performance bank guarantee

What are the rights of the Employer over the Performance Bank Guarantee after the defect liability period?



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 3 Replies

karthika (Advocate)     24 July 2012

After the defect liability period, the employer has to return the bank guarantee to the contractor

Sidhartha (Student)     25 July 2012

The Employer has not settled the final bill for the want of guarantee bond. Even the completion certificate is also not provided. Howeverreckoning that the works are over from the stipulated date, the defect liability period is over.

SACHIN AGARWAL (ADVOCATE)     13 August 2012

Since the work is completed in time and the defect liability period is also over, you can serve a notice.


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