The Law Concerning Prepayment Guarantee Business for Public Works was enacted in 1952 in Japan.
While the prepayment system has great benefits for both procurement authorities and contractors, it is crucial to establish its stable guarantee system.
Thus, the law clarifies necessary requirements, such as the amount of guaranty reserve, of the company which operates the guarantee business, and the government inspects its operations regularly.
EJCS is one of the three companies which now operate under the law.
| Company Name | EAST JAPAN CONSTRUCTION SURETY CO., LTD. |
|---|---|
| Establishment | October 27, 1952 |
| Capital | two billion yen |
| Workforce | around 360 people |
| Headquarters | 2-27-10, Hatchobori, Chuo-ku, Tokyo, 104-8438, Japan |
| Branches | 25 branches in eastern Japan and Osaka |
| Main Operations | prepayment guarantee, contract guarantee and debt guarantee in public works |