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bid document for the work - IDCO

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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 />

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