Purpose of Guarantee texts
Introduction to Purpose of Guarantee Texts
The Purpose of Guarantee data field (i.e. PURP_GUA) is used to provide a brief description of the context in which the Guarantee is being provided. Agencies will only use this data field for “many-to-one” scenario.
“Many-to-one” scenario pertains to a scenario when more than one guarantee are tied to a single contract/ licensing application. Hence, PURP_GUA is used to differentiate the different guarantees under the same contract/ licensing application.
This field will be left blank for “one-to-one” scenario. “One-to-one” scenario pertains to a scenario when only one guarantee is tied to a single contract/ licensing application.
If you are unsure, please approach Agencies on the Purpose of Guarantee text to be used for your eGuarantee.
| Purpose of Guarantee texts | |
|---|---|
| - Tender deposit for sale site - Application deposit for reserve list site |
[1] |
| - Advance payment - Mobilisation advance payment - Retention sum - Security for tunnel boring machines - Contractual performance |
[2] |
| - For and on behalf of the Government of the Republic of Singapore |
[3] |
[1] Commonly used by HDB, JTC, SLA, URA for land sales use cases.
[2] Commonly used by LTA.
[3] This statement must be entered in the Purpose of Guarantee field when the SB is acting on behalf of the Government and the intention is for the Government (and not the SB) to be the Beneficiary of the eGuarantee.