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PROFORMA FOR BID
BOND |
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(On stamp paper
of Rs. 100/- to be executed by an Indian Nationalised Bank. If
executed by a First Class International Bank it is to be duly
confirmed by State Bank Of India/ any Indian Nationalized Bank) |
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To |
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The President of
India, |
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Acting Through, |
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The Dy. General
Manager / Head of Department, |
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India Government
Mint, |
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Alipore, |
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Kolkata-700053. |
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INDIA |
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Dear Sir, |
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WHEREAS, M/s.________________________________________(Tenderer)
have offered to supply a quantity of ______________of MATERIALS to
India Government Mint, Kolkata (Ministry of Finance) Government of
India and the tenderer is required to submit a bid bond for
Rs._________(Rupees________________________)along with the offer as
guarantee for fulfillment of all the terms and conditions of the
tender documents, we ________________hereby guarantee and under take
to pay immediately on demand by you the amount of Rs.___________/-
(__________________________) in case the tenderer fails to perform
any or all the obligations undertaken by him as per the terms and
conditions of tender document without any reservation, protest demur
and recourse to said tenderer. Any such demand in writing made by
you shall be conclusive and binding on us irrespective of any
dispute or difference, claim or counter claim whatsoever raised by
the tenderer. This guarantee shall be irrevocable and shall remain
valid till VALIDITY OF THE TENDER PLUS 3 MONTHS. |
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2. Notwithstanding
anything mentioned herein our liability under this guarantee is
restricted to
Rs._______________/- (Rupees _________ ___________ ________ only)
and it will remain in force upto ______________(hereinafter referred
to as the “ said date”) unless a claim under the guarantee is filed
against us on or before the “said date” all your rights under the
guarantee shall be ceased and we shall be released and discharged
from all liabilities there under. We _________________(Bank) further
agree that the guarantee hereunder contained shall not be affected
by changes in the terms of purchase originally offered by the
tenderer. |
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Date______________
For________________________ |
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Place______________
Bank_______________________ |
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Note:
Tenderer’s bank, while authorising the bank in India to execute the
Bid Bond against their counter guarantee, should also intimate the
reimbursement instructions. |
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