What are the rights of the Employer over the Performance Bank Guarantee after the defect liability period?
Sidhartha (Student) 21 July 2012
What are the rights of the Employer over the Performance Bank Guarantee after the defect liability period?
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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