BID DOCUMENT - IDCO

(iv)
The guarantee herein contained shall not be affected by the liquidation or winding up, dissolution, change of
constitution or insolvency of the supplier but shall in all respects and for all purchases be binding and operative
until payment of all money due to the Owner in respect of such liability or liabilities is affected.
Notwithstanding any thing stated above, the liability of the Bank under this Guarantee is restricted to
Rs.___________________ (Rs. _________________only) and this guarantee shall expire on ____________unless
a demand or a claim under this guarantee is filed against the Bank within ________________ i.e. the date of expiry
of the guarantee, all the rights of the Owner under the said guarantee shall be forfeited and the Bank shall be
relieved and discharged from all liabilities hereunder. Accordingly, this Guarantee shall remain in force till
______________________.
However, if the supplier’s obligations against which this Guarantee is given are not completed or fully
performed within the period, Bank hereby agrees to further extend the guarantee for a further period of six months.
We have the power to issue this Guarantee in your favour under the discretionary powers vested on us.
Signature of the Constituent
Authority of the Bank with Seal
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