1. This business mainly adopts the mode of collective account supervision, and the actual controller or major shareholder of the borrower provides full personal joint liability guarantee, and the following conditions must be met:
(1) The source of funds for the winning government procurement project is financial funds;
Note: Generally, in the bidding documents of government procurement projects, it is clear that the payer of the procurement project is the finance department (bureau) or in the bidding announcement of the procurement project.
(2) Before lending, implement the supervision measures for the borrower's collection account. If the borrower is a subcontractor, the supervision measures for the general contractor (the winning bidder) shall also be implemented.
2. Guarantee or mortgage guarantee methods recognized by the bank. If in doubt, please consult the acceptance outlets.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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