bid document for the work - IDCO
bid document for the work - IDCO
bid document for the work - IDCO
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<strong>for</strong>bearance, act or omission on <strong>the</strong> part of <strong>the</strong> Corporation or any indulgence by <strong>the</strong><br />
Corporation to <strong>the</strong> said contractor(s) or by any such matter or thing whatsoever which under<br />
<strong>the</strong> law relating to sureties would but <strong>for</strong> this provision have effect of so relieving us.<br />
5. We (_______________________________) lastly undertake not to revoke this guarantee<br />
during its currency.<br />
6. Not withstanding what is stated above <strong>the</strong> guarantee is valid upto<br />
(___________________________________) from <strong>the</strong> date of execution and our liability<br />
<strong>the</strong>rein is limited to a maximum of Rs._______________ unless a suit or an action to<br />
en<strong>for</strong>ce a claim under <strong>the</strong> guarantee is filed against<br />
(___________________________________________________ ) on or be<strong>for</strong>e<br />
(___________________________) all rights of <strong>the</strong> Orissa Industrial Infrastructure<br />
Development Corporation, under <strong>the</strong> guarantee, shall be <strong>for</strong>feited and <strong>the</strong> said Bank shall<br />
be released and discharged from all liabilities <strong>the</strong>re under.<br />
Date at _____________________ <strong>the</strong> _________________________ day of<br />
_______________________ two thousand ___________________.<br />
N.B. : 1. Name of <strong>the</strong> supplier.<br />
2. Number and date of order/agreement.<br />
3. Name of <strong>the</strong> Bank.<br />
4. Name of <strong>the</strong> Division Office.<br />
5. Validity period or date up to which <strong>the</strong> guarantee is valid.<br />
Signature of <strong>the</strong> Constituent<br />
Authority of <strong>the</strong> Bank With Seal<br />
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