Tender document — White Topping of Selected Roads under GoK Grants, Package-2 (BBMP, Project Central-8)

Comprehensive Development of Selected Roads by Providing
White Topping Under GoK Grants Package - 2 Technical Bid
Tenderer Page 63 of 65 Executive Engineer,
PC-8, BBMP, Bengaluru
SECTION 10: FORMAT OF BANK GUARANTEE FOR SECURITY DEPOSIT
To: __________________________________ [Name of Employer]
__________________________________ [Address of Employer]
WHEREAS _________________________ [Name and Address of Contractor] (hereinafter called "the
Contractor") has undertaken, in pursuance of Contract No. _____ dated ________________ to execute
__________________________ [name of Contract and Brief Description of Works] (hereinafter called "the
Contract");
AND WHEREAS it has been stipulated by you in the said Contract that the Contractor shall furnish
you with a Bank Guarantee by a recognized Bank for the sum specified therein as Security for
compliance with his Obligations in Accordance with the Contract.
AND WHEREAS we have agreed to give the Contractor such a Bank Guarantee.
NOW THEREFORE we hereby affirm that we are the Guarantor and responsible to you, on behalf of
the Contractor, upto a total of Rs._____________ [Amount of Guarantee]7 Rupees__________________ [in
Words] and we undertake to pay you, upon your first written demand and without cavil or
argument, any sum or sums within the limits of ____________________ [Amount of Guarantee]8 as
aforesaid without your needing to prove or to show grounds or reasons for your demand for the
sum specified therein.
We hereby waive the necessity of your demanding the said debt from the Contractor before
presenting us with the demand.
We further agree that no Change or Addition to or other Modification of the Terms of the Contract or
of the Works to be performed there under or of any of the Contract Documents which may be made
between you and the Contractor shall in any way release us from any Liability under this Guarantee,
and we hereby waive Notice of any such Change, Addition or Modification.
This guarantee shall be valid until 30 days from the Date of Expiry of the Defects Liability Period.
Signature and Seal of the Guarantor:
Name of Bank:
Address:
Date:
7
An Amount shall be inserted by the Guarantor, representing the percentage of the Contract Price
specified in the Contract.
8 An Amount shall be inserted by the Guarantor, representing the percentage of the Contract Price
specified in the Contract.