Download - Department of Land Resources

RFP for Resurvey project - Gandhinagar & other Five Districts of Gujarat State
Annexure V: Performance Guarantee
[Date]
To,
Settlement Commissioner and Director of Land Records
Dr.Jivraj Mehta Bhavan,
Block No. 13,3rd Floor,
Old Sachivalaya.
Gandhinagar-382 010
Dear Sir,
Ref: Request for Proposal (RFP):
Sub: PERFORMANCE GUARANTEE for “Land re-survey of Anand & other Seven
project”
districts
WHEREAS
M/s. (name of bidder), a company registered under the Companies Act, 1956, having its registered office at
(address of the bidder), (hereinafter referred to as “our constituent”, which expression, unless excluded or
repugnant to the context or meaning thereof, includes its successors and assignees), agreed to enter into an
agreement dated …….. (Herein after, referred to as “Agreement”) with you Settlement Commissioner and
Director of Land Records, Government of Gujarat for the design and execution “Land Re-survey of Anand
& other Seven districts ” of the Government of Gujarat.
We are aware of the fact that as per the terms of the agreement, M/s. (name of bidder) is required to furnish
an unconditional and irrevocable bank guarantee in your favor for an amount INR ………………………..,
and guarantee the due performance by our constituent as per the agreement and do hereby agree and
undertake to pay the amount due and payable under this bank guarantee, as security against breach / default
of the said agreement by our constituent.
In consideration of the fact that our constituent is our valued customer and the fact that he has entered into
the said agreement with you, we, (name and address of the bank), have agreed to issue this Performance
Guarantee.
Therefore, we (name and address of the bank) hereby unconditionally and irrevocably guarantee you as
under:
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