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Get Fixed Construction Guarantee
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How to fill out the Fixed Construction Guarantee online
This guide provides clear and structured instructions on how to complete the Fixed Construction Guarantee form online. Whether you are new to digital document management or seeking to ensure accuracy, this guide will support you in navigating each section of the form with confidence.
Follow the steps to successfully complete your Fixed Construction Guarantee
- Click ‘Get Form’ button to obtain the Fixed Construction Guarantee and open it in your preferred online editor.
- In the first section, provide the contractor's details in the designated area. This includes the full name and the registered address of the contractor.
- Next, fill in the Contract/Tender number. This is a critical identifier for the project and must match the existing contract records.
- In the section describing the institution and service, clearly state the name of the institution and a brief description of the services involved in the contract.
- Indicate the contract sum amount. Make sure this figure is accurate as it represents 5% of the contract sum (excluding VAT) held by the guarantor.
- Provide the name of the guarantor in the required field. Ensure that the physical address of the guarantor is also included, as it serves a legal purpose.
- In the capacity section, describe the position of the person completing the form on behalf of the guarantor. This helps identify the authorized person for this document.
- Finally, review all entries for accuracy. Once confirmed, sign and date the document, ensuring that it has been completed according to the form’s instructions.
- After completing the form, save your changes. You may choose to download or print the form for personal records or submission.
Complete your Fixed Construction Guarantee online today to ensure smooth processing of your documentation.
In a guaranty of completion, a creditworthy principal or affiliate of the borrower guarantees that construction of the project being financed by the construction lender will be completed, even if (or especially if) the borrower defaults. ... In essence, the guarantor guarantees completion.
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