How to open a bid bond and a bank guarantee?

Legal analysis: bid bond and bank guarantee are handled in the bank. The following are the application conditions and procedures.

I. Application conditions

1, bidding documents.

2. Basic transaction contract information and performance records of similar projects of the company.

3. Letter of guarantee format (usually required format text is provided in the tender documents).

4. General information required for granting credit. Including business license, legal person code certificate, tax registration certificate, financial statements, company resolutions, etc.

Second, the procedure.

1. The applicant fills in the letter of guarantee application and submits relevant materials;

2, the bank to review the applicant's qualifications, application procedures and project feasibility;

3. Sign an agreement to implement the deposit or counter-guarantee;

4. The bank will issue a bid guarantee for the applicant.

5. The amount of bid bond is generally 65438+ 0%-5% of the bid price.

6. The validity period of bid guarantee is generally not more than six months, and it will take effect from the date of issuance.

Legal basis: Article 387 of the Civil Law of People's Republic of China (PRC) (hereinafter referred to as "Civil Law"). If a creditor needs a guarantee in order to guarantee the realization of his creditor's rights in civil activities such as lending, buying and selling, he may establish a security interest in accordance with the provisions of this Law and other laws.

If a third party provides a guarantee for the debtor to the creditor, it may require the debtor to provide a counter-guarantee. The provisions of this law and other laws shall apply to counter-guarantee.