Main Business & Service

Guarantee

Guarantee

Sejong Field Golf Club

Sejong Field Golf Club

Loan

Loan

Mutual trust is important to the successful execution of large construction projects. Both developers and construction companies need a means by which to establish trust in their business relations. Construction Guarantee provides a variety of guarantee products to protect our customers from the bidding phase to the completion of the project. Recently, we have taken part in an increasing number of overseas construction contracts, and we are expanding our overseas products accordingly.

Guarantee limit

Construction Guarantee’s guarantee limit is determined based on corporate capabilities, which we evaluate according to the investment equity limit, unused loans on credit limit, and construction capabilities limit of the company.

Guarantees per construction phase
Guarantees per construction phase Table
Order Bidding Bond Guarantee for members who have made a successful bid. It guarantees that they will
conclude the contract
Contract Contract Bond Guarantee for members who need to pay a specific sum of money to guarantee the project
performance according to the contract.
Performance Bond Guarantee for members who need to fulfill the duty of construction or pay a specific sum of
money as required by the contract.
Project
Performance Bond
Guarantee for members or private investment businesses that perform private investment
projects.
Execution of
Redevelopment &
Reconstruction
Guarantee for members who carry out projects ordered by entities defined as maintenance
cooperatives in the Act on Maintenance and Improvement of Urban Areas and Dwelling
Conditions for Residents. This bond supports the stable occupancy of members of reconstruction
and redevelopment cooperatives.
Construction Advanced Payment
Bond
Guarantee for refund of advanced payments due to non-performance of the contract or other
causes.
Subcontract
Payment Bond
Guarantee required by law when subcontracting a portion of a construction project. This bond
covers the cost when a contractor cannot pay the subcontract cost due to bankruptcy or other causes.
Completion Maintenance Bond Bond for members who are obliged to repair defects that arise after construction is completed.
  • Construction Bldg, 711, Eonju-ro, Gangnam-gu, Korea
    | TEL 02-3449-8888 | FAX : 02-3449-8903

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