A performance guarantee is a financial assurance provided by a contractor or service provider to guarantee the completion of a project or fulfillment of a contract according to the agreed terms.
Recently, the ICICI Bank Ltd. has come up with the proposal for providing Bank Guarantee Repository System (BGRS) to State Government Offices free of cost for keeping track of all their Bank Guarantees.
Exemption of Licence fees and Performance Guarantee for laying of water pipe line along and across the roads belonging to PWD for the departments of Government of West Bengal and Urban Local Body of the Government of West Bengal.
An Act to provide for ceiling on Government Guarantees and other matters connected therewith or incidental thereto.