The Construction Bank Guarantee is a crucial document in Hong Kong's construction and development landscape, typically required for significant construction projects where financial security is essential. This guarantee serves as a risk mitigation tool, providing project owners with direct access to financial compensation from a bank if contractors fail to meet their obligations. It's commonly used in both public and private construction projects, ranging from infrastructure developments to commercial buildings. The document needs to comply with Hong Kong banking regulations and construction industry standards, typically including specific conditions for demand, payment procedures, and expiry terms. The guarantee amount usually represents a percentage of the total construction contract value, and the document remains active throughout the construction period and often extends into the defects liability period.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies the Bank (Guarantor), the Beneficiary (typically the Project Owner), and the Principal (typically the Contractor)
2. Background: Brief context of the underlying construction contract and purpose of the guarantee
3. Definitions: Defines key terms used in the guarantee including 'Guaranteed Sum', 'Expiry Date', and 'Demand'
4. Guarantee and Undertaking: Core section stating the bank's guarantee commitment and the maximum guaranteed amount
5. Conditions for Demand: Specifies the circumstances and procedures under which the beneficiary can make a demand under the guarantee
6. Form and Method of Demand: Details the required format and process for making a valid demand under the guarantee
7. Payment Obligations: Specifies the bank's obligations regarding timing and method of payment upon receipt of a valid demand
8. Duration and Expiry: States the effective period of the guarantee and conditions for expiry
9. Reduction and Release: Mechanisms for reducing the guarantee amount and conditions for release of the bank's obligations
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and relevant jurisdiction for disputes
1. Transfer and Assignment: Include when the guarantee needs to be transferable or when assignment rights need to be specifically addressed
2. Counter-Indemnity: Include when there's a separate counter-indemnity agreement with the principal that needs to be referenced
3. Multiple Beneficiaries: Include when the guarantee is issued in favor of multiple beneficiaries
4. Partial Demands: Include when multiple or partial demands are permitted under the guarantee
5. Foreign Law Requirements: Include when the underlying construction contract involves cross-border elements requiring compliance with foreign laws
6. Language: Include when the guarantee needs to be issued in multiple languages
7. Force Majeure: Include when specific force majeure provisions need to be addressed
8. Electronic Presentations: Include when electronic demands or communications are permitted
1. Form of Demand: Template for making a valid demand under the guarantee
2. Construction Contract Details: Key details of the underlying construction contract including reference numbers and dates
3. Authorization Documents: Copies of relevant board resolutions or powers of attorney
4. Project Details: Specific details of the construction project being guaranteed
5. Payment Instructions: Banking details and payment procedures for processing demands
6. Notice Details: Contact information and addresses for all parties for serving notices
Relevant legal definitions
Guarantee
Guaranteed Sum
Maximum Liability
Construction Contract
Principal
Beneficiary
Guarantor
Project
Works
Demand
Business Day
Expiry Date
Defects Liability Period
Practical Completion
Contract Price
Site
Completion Certificate
Notice
Authorized Representative
Governing Law
Force Majeure Event
Contract Documents
Original Guarantee
Guarantee Period
Valid Demand
Payment Date
Bank Account
Assignment
Variation
Default
Substantial Completion
Project Manager
Architect
Working Day
Hong Kong
HKIAC
Contractor's Equipment
Materials
Project Schedule
Specifications
Contract Sum
Guaranteed Sum
Maximum Liability
Construction Contract
Principal
Beneficiary
Guarantor
Project
Works
Demand
Business Day
Expiry Date
Defects Liability Period
Practical Completion
Contract Price
Site
Completion Certificate
Notice
Authorized Representative
Governing Law
Force Majeure Event
Contract Documents
Original Guarantee
Guarantee Period
Valid Demand
Payment Date
Bank Account
Assignment
Variation
Default
Substantial Completion
Project Manager
Architect
Working Day
Hong Kong
HKIAC
Contractor's Equipment
Materials
Project Schedule
Specifications
Contract Sum
Clauses
Definitions
Interpretation
Guarantee Obligation
Maximum Liability
Demand Procedure
Payment Terms
Duration and Expiry
Representations and Warranties
Assignment and Transfer
Notices
Governing Law
Jurisdiction
Dispute Resolution
Amendment and Variation
Severability
Waiver
Force Majeure
Termination
Entire Agreement
Counterparts
Third Party Rights
Costs and Expenses
Indemnification
Confidentiality
Currency
Set-Off
Compliance with Laws
Anti-Corruption
Communications
Language
Interpretation
Guarantee Obligation
Maximum Liability
Demand Procedure
Payment Terms
Duration and Expiry
Representations and Warranties
Assignment and Transfer
Notices
Governing Law
Jurisdiction
Dispute Resolution
Amendment and Variation
Severability
Waiver
Force Majeure
Termination
Entire Agreement
Counterparts
Third Party Rights
Costs and Expenses
Indemnification
Confidentiality
Currency
Set-Off
Compliance with Laws
Anti-Corruption
Communications
Language
Relevant Industries
Construction
Banking and Financial Services
Real Estate Development
Infrastructure
Engineering
Commercial Property
Industrial Development
Public Works
Urban Development
Relevant Teams
Legal
Construction
Project Management
Banking Operations
Risk Management
Compliance
Commercial
Finance
Property Development
Contract Administration
Relevant Roles
Project Manager
Construction Manager
Bank Relationship Manager
Legal Counsel
Contract Administrator
Risk Manager
Chief Financial Officer
Project Director
Construction Director
Banking Operations Manager
Compliance Officer
Property Developer
Development Director
Quantity Surveyor
Commercial Manager
Find the exact document you need
Standard Release Of Liability Form
A Hong Kong law-governed document where one party waives their right to legal claims against another party for specified activities or incidents.
find out more
Primary Non Contributory Endorsement Form
A Hong Kong-compliant insurance endorsement that establishes primary coverage and non-contributory status for an existing insurance policy.
find out more
Contract Between Customer And Supplier
A Hong Kong law-governed contract template establishing terms and conditions between a customer and supplier, suitable for both B2B and B2C relationships.
find out more
Agreement Between Company And Contractor
A Hong Kong law-governed agreement establishing terms and conditions between a company and independent contractor, defining service scope and commercial relationship.
find out more
Contractor Agreement For House (Construction)
Hong Kong-governed construction contract between property owner and contractor for residential building works, compliant with local building regulations.
find out more
General Terms Of Contract
A Hong Kong law-governed master agreement establishing standard terms and conditions for future business transactions between parties.
find out more
Framework Agreement (Construction)
A Hong Kong law-governed agreement establishing terms for ongoing construction services between an employer and contractor, with provisions for individual project call-offs.
find out more
Person Centred Risk Assessment
A Hong Kong-compliant person-centered risk assessment tool for evaluating and managing individual risks in healthcare and social care settings.
find out more
Short Form Non Disclosure Agreement
A concise Hong Kong law-governed NDA for protecting confidential information in standard business discussions and commercial relationships.
find out more
Resident Declaration Form
A legal document under Hong Kong law for declaring and verifying an individual's residential status within the Hong Kong SAR.
find out more
Hourly Rate Agreement
A Hong Kong law-governed agreement setting out terms and conditions for hourly-rate based service provision, including payment terms and service scope.
find out more
Standard Software License Agreement
A Hong Kong law-governed agreement setting out terms and conditions for software licensing, including usage rights, IP protection, and compliance requirements.
find out more
Business Contract Termination Letter
A formal letter governed by Hong Kong law that officially terminates a business contract, specifying termination terms and post-termination obligations.
find out more
Construction Invoice
A legally compliant construction billing document used in Hong Kong that details completed works, materials, and services for payment processing.
find out more
Mail For Salary Increment
A Hong Kong-compliant formal letter documenting an employee's salary increase and related employment term modifications.
find out more
General Tenancy Agreement
A Hong Kong law-governed agreement establishing terms and conditions for property rental between landlord and tenant.
find out more
Legal Agreement Between Two Parties
A Hong Kong law-governed bilateral agreement template for formalizing business relationships and contractual obligations between two parties.
find out more
Non Compete Employment Contract
A Hong Kong law-governed employment agreement containing non-compete provisions to protect business interests while maintaining enforceability under local law.
find out more
Liability Agreement
A Hong Kong law-governed agreement defining liability allocation and risk management between business parties.
find out more
Agreement Between Company And Labour Contractor
A Hong Kong law-governed agreement establishing terms for labour contractor services, including worker provision, management responsibilities, and regulatory compliance requirements.
find out more
Sub Contract Work Agreement
A Hong Kong law-governed agreement between main contractor and subcontractor defining terms for specific construction or development works.
find out more
Simple Separation Agreement
A Hong Kong law-governed agreement that establishes legally binding terms for married couples to live separately, including arrangements for assets, finances, and other practical matters.
find out more
Property Agreement Between Two Parties
A Hong Kong law-governed agreement between two parties for the sale and purchase of property, detailing transaction terms and mutual obligations.
find out more
Labour Hire Contract
A Hong Kong-governed agreement establishing terms for labor hire arrangements between a staffing company, worker, and host company.
find out more
Labour Hire Agreement
A Hong Kong law-governed agreement between a labor hire agency and host employer for the provision of temporary workers, ensuring compliance with local employment regulations.
find out more
Laboratory Risk Assessment Form
A Hong Kong-compliant laboratory risk assessment document for identifying, evaluating, and controlling potential hazards in laboratory settings.
find out more
House Ownership Contract
A Hong Kong law-governed agreement for the transfer of residential property ownership, detailing all essential terms and conditions of the sale.
find out more
General Affidavit Form
A formal written statement of facts sworn under oath or affirmation under Hong Kong law, executed before an authorized person and used as legal evidence or testimony.
find out more
Contractor Subcontractor Agreement
A Hong Kong law-governed agreement between contractor and subcontractor defining terms, conditions, and obligations for construction works.
find out more
Cleaning Contract Termination Letter
A Hong Kong law-governed letter formally terminating a cleaning services contract, outlining termination terms and final arrangements between parties.
find out more
Business Development Contract
A Hong Kong law-governed agreement establishing terms and conditions for business development services, including scope, performance metrics, and compensation structure.
find out more
Swimming Consent Form
A Hong Kong law-governed consent form for swimming activities, capturing participant information, medical declarations, and safety acknowledgments.
find out more
Staffing Agency Contract With Client
A Hong Kong-governed agreement between a staffing agency and client company for the provision of temporary workers, establishing service terms and compliance requirements.
find out more
Simple Stock Transfer Agreement
A Hong Kong law-governed agreement for the transfer of shares between parties, including standard transfer provisions and local regulatory requirements.
find out more
Self Employed Agreement
A Hong Kong law-governed agreement establishing an independent contractor relationship between a company and a self-employed individual.
find out more
Owner Consent Letter
A Hong Kong-compliant formal letter where a property owner provides written consent for specific property-related activities or modifications.
find out more
Part Bill Of Lading
A Hong Kong law-governed shipping document that serves as a partial receipt, contract of carriage, and document of title for a portion of cargo in maritime transport.
find out more
Label Contract
A Hong Kong-governed agreement between a record label and artist(s) establishing terms for music recording, distribution, and rights management.
find out more
Home Remodel Contract
A Hong Kong-governed contract for residential renovation work, outlining terms between homeowner and contractor while ensuring compliance with local building regulations.
find out more
General Contract Agreement Between Two Parties
A general-purpose contract agreement template governed by Hong Kong law, designed for formal business relationships between two parties.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)