Quality Guarantee
Description
Quality/Maintenance Guarantee services are provided by Bank of China Limited Macau Branch. A Quality/Maintenance Guarantee is issued by Bank of China, at the request of a contractor or seller and in favor of an employer/main contractor or buyer to guarantee the quality of construction or goods during the warranty period or maintenance period.
Features
1. Binds the parties to perform maintenance obligations and guarantee quality of goods;
2. Improve liquidity and enhance the contractor or seller’s market competitiveness.
Target Customers
1. Contractors involved in constructions;
2. Sellers involved in material procurements.