Can I apply for a refund of the project quality deposit?
You can apply for a refund of the project quality deposit. Provisions on bid bond, performance bond and quality bond: If the bidding rules require bidders to pay the bid bond, all bidders must pay the bid bond before bidding, and the bid bond will be charged at 5% of the bid amount; After the winning bidder is determined, the bid bond of the unsuccessful bidder will be returned in full. After the formal contract is signed, the bid bond of the winning bidder will be automatically converted into the performance bond, which will be returned after the contract expires and the winning bidder provides the quality bond. In principle, the warranty period shall not be less than one year, and the amount shall be charged at not less than 8% of the contract amount, which shall be fully refunded after the expiration of the warranty period. Article 10 "Management of Construction Project Quality Deposit" During the defects liability period, the contractor shall earnestly perform the responsibilities stipulated in the contract, and after the expiration, the contractor shall apply to the employer for refund of the deposit.