The construction quality guarantee deposit is required to be returned within 14 working days. When the construction unit after receiving the construction unit to return the deposit application, should be within 14 days together with the construction unit in accordance with the contract to verify the content. If there is no objection, the construction unit shall return the security deposit to the construction unit within 14 days after verification.
After receiving the application for the return of the security deposit from the contractor, the contractor shall verify the application within 14 days together with the contractor in accordance with the content of the contract. If there is no objection, the contractor shall return the security deposit to the contractor within 14 days after the verification, and if the payment is overdue, the contractor shall pay interest from the date of overdue payment in accordance with the interest rate of the bank loan for the same period and bear the responsibility for breach of contract. If the Contractor does not reply within 14 days after receiving the Contractor's application for the return of the security deposit, and if the Contractor still does not reply within 14 days after the reminder, it shall be deemed to recognize the Contractor's application for the return of the security deposit.
1. The percentage of warranty deposit is generally 5%.
2, the project project warranty deposit according to the project project price settlement total multiplied by the contract agreed ratio (generally 5%) by the construction unit (owner) from the construction enterprise project measurement of the appropriation of direct withholding, and generally do not calculate interest.
3, construction companies should be in the project project completion (handover) after acceptance of defects liability period (generally twelve months), conscientiously fulfill the contractual obligations, defects liability period expired, the timely application to the construction unit (the owner) for the return of the project warranty. The construction unit (owner) shall promptly return the construction warranty deposit to the construction company (if defects occur during the defects liability period, the corresponding defects maintenance costs will be deducted).
Legal basis:
"Quality Assurance Deposit Management of Construction Projects"
Article 10 has specific provisions for the construction warranty deposit, when the construction unit in the construction unit after receiving the application for the return of the deposit, should be verified within 14 days in conjunction with the construction unit in accordance with the contractual agreement. If there is no objection, the construction unit should be verified within 14 days after the deposit returned to the construction unit, late payment, from the date of late payment, according to the same period of bank loan interest rate, and bear the responsibility for default.