The amount of bid bond generally does not exceed 2% of the total bid price, with a maximum of 800,000 yuan. If the project procurement deposit is provided in the form of guarantee, the amount is generally 30%-50% of the contract price.

Usually, the performance bond is issued by the performance guarantor, which is what we call the guarantee company. For different stages of the project, the content of the performance guarantee issued is not the same.

A bank performance bond is a guarantee certificate issued by a commercial bank, which is usually about 10% of the contract amount. Bank guarantee is divided into conditional bank guarantee and unconditional bank guarantee.