What Is a Maintenance Bond?

The quality deposit, or construction project credit deposit, refers to the construction unit's requirement for repairing the construction project during the warranty period and scope after the construction project is completed and accepted for delivery according to the requirements of the construction unit. Funding for quality defects that arise.

Quality guarantee

So-called quality

According to the 94th edition of the "Construction Engineering Regulations and Related Knowledge" on page 94 of the construction project quality guarantee statement: "Construction project quality guarantee (warranty) (hereinafter referred to as the security deposit) The funds payable for the project are reserved to guarantee the contractor's funds for repairing defects in the construction project during the period of liability for defects. "Quality guarantee and quality warranty should be the same concept.