PELAKSANAAN BANK GARANSI SEBAGAI SUATU JAMINAN PROYEK PADA PEMBIAYAAN PROYEK PEMERINTAH DI PROVINSI RIAU

Abstract

Banking services and credit, in the form of a Bank Guarantee, one form of an individual guarantee institution, including a debt guarantee agreement. Issuance of Bank Guarantees, the bank takes over guaranteed obligations if the guaranteed collateral against the recipient of the guarantee. So a bank guarantee is a form of conditional engagement, the condition of which is a condition where the debtor is declared to have been negligent or defaulted. The issuance of a bank guarantee does not guarantee that the performance charged to the party is guaranteed, but the bank guarantee only guarantees or covers when the person is guaranteed to default. To overcome the risk of issuing a Bank Guarantee, the bank requests the guaranteed party to provide a "counter guarantee" which has a minimum cash value equal to the amount of money set as collateral and is listed in the bank guarantee.