What is PBG (Performance Bank Guarantee) in Construction Contracts? Billing QS - Contract Engineers

Hi Friends,
In this video have explained about the PBG - Clause in construction contracts, PBG stand for performance Bank Guarantee and relates to performance security from contractor side for guarantee to perform the works in accordance to the contractual terms and conditions, timely completion with proper workmenahip and quality of materials.
Here you get all the details what is the PBG, main role of the performance guarantee during initial stage of bidding process of tender to award of works. Following points are covered in this video:
What is PBG in construction Contracts
When PBG submitted by the contractor
Relation between EMD Earnest Money Deposit to Performance Bank Guarantee
% Value of PBG in Contracts
Commencement of works vs. PBG Guarantee
Validity Period of Performance Bank Guarantee
I hope all of the points keep in to his video for proper guidance and procedures and interview question for billing, Qs and contract engineers.
#PBG
#Factuacivilenginwering

[@FactualCivilEngineering]

I hope this helpful to all Civil Engineers

[@rishabhpatel1767]

best explanation on internet. Thanks

[@somnathmondal2851]

Dada please ap video banayea
Kisi ko sath join nahi kijiyea
Khud ki banayea
Aap ka video sob se best

[@rahulsequeira6750]

Wonderful explanation

[@indrasenareddymiryala4737]

Nice video, please make video on tendering process.

[@mcx330]

Very helpful sir,
Sir please make a detailed video on topic "Tendering process"

[@user-du9ti2od9h]

Thank you sir

[@engineerirfancheema9328]

Thanks god I am watching your new super content

[@professional_eduhub320]

Hi Amit,
Very good video. Can you plz also tell the criteria for a vendor to take a BG from bank. And what’s are the the charges for obtaining a BG from Bank?

[@FactualCivilEngineering]

It could be between 0.5 to 2% depend on the Guarantee Amount Value and duration, same a processing fee for loans / dd fee

[@pk9899]

Good knowledge sir...

[@naveeng3878]

Very good explanation, sir,
Sir, please make a video on tolerance details of plastering works, concrete works, excavation works... Please🙏🙏🙏

[@FactualCivilEngineering]

It could be between 0.3 to 2% depend on the Guarantee Amount Value and duration.

[@naveeng3878]

@@FactualCivilEngineering thank you, sir but i need those details as per IS codes, so please make a video on it , please please🙏🙏 sir

[@indrajeet7311]

Sir hum Bank guarantee Demand draft ke through de sakte hai ki nahi?

[@rakeshkumarmeena897]

Nice

[@98224243]

Sir please made video on amendment process of contract.

[@ramsatpute8850]

Sir depectiv. Lablity period par video banaye.

[@indrasenareddymiryala4737]

Hi amit ji, please do video material planning in ms project

[@AshishSharma-xt7fo]

👑

[@AshishSharma-xt7fo]

Ek tendering m 1 se zyada contractor select ho skte h?? Sir

[@FactualCivilEngineering]

No, Work always to only 1 contractor

[@civilwalabuddybhaiya9793]

Sir plz teach me how to calculate paint qty in Truss.

[@anasansari8093]

Sir, P.B.G. Submit hone k baad bhi, Project k running bill se retention money (5%) ka deduction hota hai kya ❓❓❓

[@FactualCivilEngineering]

Yes

[@anasansari8093]

@@FactualCivilEngineeringSir, Project k virtual completion k baad retention money return lena ho client se BG k against to BG 100% amount ki banegi ya 110% amount ki

[@anuphaldar1934]

Loan hai to Bank Guarantee nahi milta hai?

[@pk9899]

PBG and BG ka difference bataiye

[@mssuperwoodworks]

👌👌Nice Concept Sir🏗️🚧🏗️👍👍👌

[@abhishekkakkarkvlog6896]

Pbg letter format

[@nadeemahmed736]

Mivan shuttering details please