You need to install to documentation specific rules for calculating the term of the bank guarantee

21 March 2016, Monday

The customer does not have in the documentation and the notice period of the bank guarantee and the specific time, which is calculated from the period of its validity. The Court acknowledged that it is contrary to the Law N 44-FL.

The documentation is provided that the warranty period must exceed the duration of the contract for at least a month (including warranty). The contract is valid until the fulfillment of all obligations. The warranty period is five years after the last signed certificate of acceptance of work performed.

Such statements, according to the court, does not enable us to determine the warranty period. Taking into account the provisions of the draft contract - execution time can be anyone.

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