This fixed fee can only be returned for a long time after the completion of the project (in the current construction market, the phenomenon of the tenderee’s delayed return or long-term occupation of the quality assurance deposit is common), which is a great burden for any construction enterprise
. 
News II Introduction to Chang’an insurance product product name: quality assurance insurance product function of Chang’an liability construction project construction contract: alternative quality deposit applicant: Construction Enterprise (bid winner) insured: construction unit insurance liability: the applicant fails to perform the maintenance obligation of construction project quality defects in accordance with the relevant provisions of the construction project construction contract signed with the insured, In case of direct loss to the insured, the insurer shall be liable for compensation for the above losses of the insured within the insured amount specified in the insurance policy in accordance with the provisions of the insurance contract
.
News I
.
The insured amount is 3% – 5% of the project cost
.
Before the completion of the project, if the Contractor submits the construction project quality assurance insurance contract or policy signed with the insurance company, it shall be deemed to have submitted the project quality deposit
.
policy outlook in July 2018, the Ministry of housing and urban rural development issued the guidance on accelerating the implementation of the project guarantee system (Exposure Draft), which clearly pointed out that by 2020, the letter of guarantee substitution rate of various deposits will be increased by 30% (bank guarantee Engineering guarantee company guarantee and engineering guarantee insurance policy (collectively referred to as guarantee)
.
Insurance consulting: please pay attention to the wechat service number of “Chang’an insurance” or log in to the official website of Chang’an insurance
.
Case Sharing when the construction unit settles and pays the project payment with the construction unit, the construction unit shall reserve the deposit in the manner agreed in the contract, and the total reserved proportion of the deposit shall not be higher than 3% of the total settlement amount of the project price, which shall be paid in full after the expiration of the defect liability period
.
In September 2007, Chang’an Liability Insurance Co., Ltd
.
The quality assurance insurance of construction contract of construction project is the insurance provided by the insurance company to the employer of the project to ensure that the construction contractor performs the obligation of repairing project quality defects within the insurance liability period
.
The quality assurance insurance of construction contract can release the deposited funds, reduce the burden of enterprises and promote the sustainable and healthy development of the industry
.
If the construction unit applies for the project quality insurance, it will no longer reserve the quality deposit, which will greatly reduce the economic burden of the construction industry and give full play to the market-oriented role of the insurance institution in improving the project quality assurance system
.
Chang’an insurance Changban Changan wechat service No.: Official Website of Changan insurance company: www.capli.com.cn customer service hotline: 95592 | integrity | responsibility | specialty | innovation | value |.
.
news III
. 
The insurance period is consistent with the defect liability period agreed in the construction contract of construction project, and the starting and ending date specified in the insurance policy shall prevail, Insurance materials no longer than two years: basic information of enterprises, project information, etc
.
This means that for projects with a cost of 200 million yuan, nearly 6 million yuan of quality deposit should be “frozen” first
.
Implementing the quality assurance insurance system of construction contract is a major reform of construction project quality management in China
.
Construction contract quality assurance insurance will play a greater role in the construction field to improve the project quality level
.
(hereinafter referred to as “Chang’an insurance”) was established under the leadership of the Ministry of housing and urban rural development and the joint support of ten ministries and commissions, with a registered capital of RMB 3.25 billion
.
The applicant is the construction enterprise (bid winner), and the insured is the construction unit
With the acceleration of the development of engineering guarantee in China, more and more regions join the team of implementing guarantee insurance
.
As an innovative scheme of quality deposit, the quality assurance insurance of construction contract of construction project is put forward because of its absolute advantage over quality deposit, which solves the problem of long-term precipitation of quality deposit of construction unit
.
