Tender Document - irpmu.railnet.gov.in
Tender Document - irpmu.railnet.gov.in
Tender Document - irpmu.railnet.gov.in
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Annexure-K<br />
Name of the Bank: _____________________________________________<br />
Bank Guarantee No. ___________________Dated____________________<br />
President of India, Act<strong>in</strong>g through_______________ Designation and Address of<br />
contract sign<strong>in</strong>g authority.<br />
PERFORMANCE SECURITY BANK GUARANTEE BOND<br />
1. In Consideration of the President of India act<strong>in</strong>g through (Designation & Address of<br />
Contract Sign<strong>in</strong>g Authority), North Central Railway, New Delhi (here<strong>in</strong>after called “ The<br />
Government’) hav<strong>in</strong>g agreed under the terms and conditions of agreement/Contract<br />
Acceptance letter No. ____________________________ Dated:____________ made<br />
between ________________ (Designation & address of contract sign<strong>in</strong>g Authority) and<br />
_____________________(here<strong>in</strong>after called “ The said contractor (s)’ for the work<br />
submission of a irrevocable Bank Guarantee for Rs.___________(Rs.______________<br />
only) as a performance security Bank Guarantee Bond from the contractor (s) fro<br />
compliance of his obligations <strong>in</strong> accordance with the terms of conditions <strong>in</strong> the said<br />
agreement.<br />
2. We____________ (<strong>in</strong>dicate the name of the Bank) here<strong>in</strong>after referred to as the Bank,<br />
undertake to pay to the Government an amount not exceed<strong>in</strong>g<br />
Rs._______________(Rs._________________ only) on demand by the Government.<br />
We_________________ (<strong>in</strong>dicate the name of the bank) further agree that (and<br />
promise) to pay the amounts due and payable under this guarantee without any demur<br />
merely on a demand from the Government through the FA&CAO/IRPMU, North Central<br />
Railway/New Delhi_________________ Designation and address of contract sign<strong>in</strong>g<br />
authority), North Central Railway/ IRPMU/New Delhi, stat<strong>in</strong>g that the amount claimed is<br />
due by way of loss or damage caused to or would be caused or suffered by the<br />
Government by reason of any breach by the said contractor of any of the terms or<br />
conditions <strong>in</strong> the said agreement or by reason. Any such demand made on the Bank<br />
shall be conclusive as regards the amount due and payable by the Bank under this<br />
guarantee. However, our liability under this guarantee shall be restricted to an amount<br />
not exceed<strong>in</strong>g Rs.________________(Rs.____________ only).<br />
3. (a) We, the said Bank further undertake to pay to the <strong>gov</strong>ernment any money so<br />
demanded not withstand<strong>in</strong>g any dispute or dispute raised by the contractor (s) <strong>in</strong> any suit<br />
or proceed<strong>in</strong>g pend<strong>in</strong>g before any court or Tribunal relat<strong>in</strong>g to liability under this present<br />
be<strong>in</strong>g absolute and unequivocal.<br />
(b) The payment so made by us under this bond shall be a valid discharge of our liability<br />
for payment there under and the contractor (s) shall have no claim aga<strong>in</strong>st us for mak<strong>in</strong>g<br />
such payment.<br />
4 We_________________ (<strong>in</strong>dicate the name of bank) to further agree that the guarantee<br />
herewith conta<strong>in</strong>ed shall rema<strong>in</strong> <strong>in</strong> full force and effect dur<strong>in</strong>g the period that would be<br />
taken for the performance of the said agreement and that it shall cont<strong>in</strong>ue to be<br />
OS/Works 40