bid document for the work - IDCO
bid document for the work - IDCO
bid document for the work - IDCO
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
EARNEST MONEY DEPOSIT<br />
Ref. No._______________<br />
To<br />
Orissa Industrial Infrastructure<br />
Development Corporation,<br />
<strong>IDCO</strong> Towers, Janapath,<br />
Bhubaneswar-751007, Orissa.<br />
NON-JUDICIAL STAMP PAPER OF APPROPRIATE VALUE<br />
Dated ________________<br />
Bank Guarantee No.__________________<br />
Dear Sir,<br />
In consideration of Orissa Industrial Infrastructure Development Corporation, having its<br />
Registered Office at <strong>IDCO</strong> Towers, Janapath, Bhubaneswar (hereinafter called <strong>the</strong> “Owner” which<br />
expressions shall unless repugnant to <strong>the</strong> subject or context include its successors and assigns)<br />
having issued Notice Inviting Tender <strong>for</strong> “<br />
* _______________________and M/s<br />
__________________________________ having its Registered Head Office at<br />
_____________________ (hereinafter called <strong>the</strong> “Tenderer * ) who wished to participate in <strong>the</strong> said<br />
tender <strong>for</strong> “_______________________” and you, as a special favour, have agreed to accept an<br />
irrevocable and unconditional Bank Bid Guarantee <strong>for</strong> an amount of Rs.______ valid up to ______<br />
on behalf of <strong>the</strong> tenderer in lieu of Cash Deposit required to be made by <strong>the</strong> Tenderer, as condition<br />
precedent <strong>for</strong> participation in <strong>the</strong> said tender.<br />
We <strong>the</strong> _____________________ Bank incorporated under ______________ law and<br />
having one of our branches at ________________________ and having our Registered Office/<br />
Head Office at _______________________________________ do hereby unconditionally and<br />
irrevocable guarantee and undertake to pay to <strong>the</strong> “Owner” immediately on demand without any<br />
demur, reservation, protest, contest<br />
and recourse to <strong>the</strong> extent of <strong>the</strong> said sum of Rs._________________ (Rupees<br />
__________________________________________)only. Any such claim / demand made by<br />
*”Name of <strong>the</strong> <strong>work</strong> to be written”<br />
Said “Owner” on us shall be conclusive and binding on us irrespective of any dispute or differences<br />
raised by <strong>the</strong> tenderer. This guarantee shall be irrevocable and shall remain valid upto<br />
___________________________. If any fur<strong>the</strong>r extension of this guarantee is required, <strong>the</strong> same<br />
shall be extended to such required period on receiving instruction from<br />
M/s____________________________________________ on whose behalf this guarantee is<br />
issued.<br />
14