Wake North Carolina Guarantee of Performance of Contract is a legal agreement that aims to ensure the fulfillment of contractual obligations between parties involved in a transaction within the Wake County area of North Carolina. This guarantee provides an added layer of security for both parties involved by mitigating the risk of non-performance or breach of contract. The guarantee of performance of contract is typically drafted and executed to safeguard the interests of the contracting parties. It serves as a commitment by the party responsible for fulfilling their contractual obligations, known as the guarantor, to perform according to the terms and conditions stated in the contract. In case of a default or failure to complete the contractual duties, the guarantee kicks in to protect the aggrieved party from potential losses or damages. The Wake North Carolina Guarantee of Performance of Contract offers various types depending on the nature of the contract and the specific requirements of the parties involved. Some of these types include: 1. Performance Bond: This type of guarantee ensures that the contracted party will complete their obligations accurately and on time as agreed upon. In the event of non-performance, the bond serves as a financial resource to compensate the aggrieved party for any losses incurred. 2. Payment Guarantee: This guarantee is designed to ascertain that the party responsible for payment will fulfill their financial obligations according to the terms stipulated in the contract. It ensures that the party providing goods or services will receive the agreed-upon payment within the specified timeframe. 3. Bid Bond: This type of guarantee is commonly used in the bidding process for construction projects. It assures that the winning bidder will proceed with the project as per the contract terms and conditions, preventing them from backing out or reneging on their commitments. In case of default, the bond provides financial coverage for any additional costs borne by the project owner due to the defaulting bidder. 4. Maintenance Bond: This form of guarantee focuses on the quality and longevity of completed projects. It guarantees that the contractor will rectify any defects, faults, or issues arising during a specified maintenance period, typically after project completion. The bond serves as an assurance that the contractor will promptly address and correct such concerns. The Wake North Carolina Guarantee of Performance of Contract plays a crucial role in instilling confidence and trust in business relationships. It offers protection, financial security, and peace of mind to the parties involved, ensuring that contractual obligations are fulfilled as agreed upon.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Wake North Carolina Garantía de Cumplimiento del Contrato - Guarantee of Performance of Contract
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How to fill out Wake North Carolina Garantía De Cumplimiento Del Contrato?
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FAQ
Corresponde al periodo en que el contratista debe cumplir con ejecutar las prestaciones a su cargo; en ese sentido, el plazo de ejecucion contractual esta comprendido dentro del plazo de vigencia del contrato.
En la actualidad el contrato es un instrumento economico para negociar, para satisfacer necesidades. Se utilizan contratos para acordar prestaciones de servicios, de productos, locaciones, entre otros. Redactar un contrato no es sencillo.
A) Toda ejecucion de Carta Fianza o Poliza de Caucion se realiza mediante Carta Notarial emitida por la Oficina de Administracion, solicitando a la entidad financiera la ejecucion de la garantia mediante la entrega de cheque de gerencia por el importe requerido, el cual es retirado por el/la Especialista en Finanzas.
Para hacer exigible una fianza es necesario: Adjuntar el documento en copia certificada, de requerimiento de pago. La copia certificada como pago se refiere a una sentencia ejecutoria dictada por una autoridad judicial en un procedimiento.
Sobre el particular, es pertinente senalar que el articulo 155 del Reglamento establece que entre otros supuestos la garantia de fiel cumplimiento se ejecuta Cuando el contratista no la hubiere renovado antes de la fecha de su vencimiento.
La ejecucion del contrato es la fase en la que cada una de las partes cumple con las obligaciones impuestas en los pliegos y en el propio contrato. La ejecucion se realiza a riesgo y ventura del contratista, sin perjuicio de los supuestos de fuerza mayor.
En cuanto al cumplimiento del contrato administrativo supone la realizacion del contrato por el contratista a satisfaccion de la administracion, en otros terminos, el contrato se entendera cumplido por el contratista cuando este haya cumplido con los terminos y clausulas que se pactaron y que el resultado goce de la
B) La garantia de fiel cumplimiento se ejecuta cuando las Unidades Ejecutoras del Pliego 007: Ministerio del Interior, hayan resuelto el contrato por causa imputable al contratista o proveedor, y esta haya quedado consentida o cuando por Laudo Arbitral consentido y ejecutoriado se declare procedente la decision de
Requisitos Presentar la Licitacion Publica o Invitacion directa. Presentar Carta de solicitud de Garantia a Primer Requerimiento o Boleta de Garantia. A la autorizacion de parte del banco firmar el contrato. Efectuar el reconocimiento de firma ante el Notario (Si corresponde) Pagar las comisiones y gastos.
Garantia de Cumplimiento: garantiza el cumplimiento de las condiciones acordadas entre las partes contratantes, sirviendo de respaldo a la empresa adquiriente de bienes y servicios, para que estos le sean entregados o brindados en los terminos pactados y que, en caso de incumplimiento, tenga una fuente de indemnizacion