Tender Document - irpmu.railnet.gov.in
Tender Document - irpmu.railnet.gov.in
Tender Document - irpmu.railnet.gov.in
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enforceable till all the dues of the Government under or by virtue of the said agreement<br />
have been fully paid and its claims satisfied or till discharged by<br />
______________(Designation & address of contract sign<strong>in</strong>g authority) on behalf of the<br />
Government certified that the terms and conditions of the said agreement have been<br />
fully and properly carried out by the said contractor (s) and accord<strong>in</strong>gly discharges this<br />
guarantee.<br />
Unless a demand or claim under this guarantee is made on us <strong>in</strong> writ<strong>in</strong>g on or before (2<br />
months after the date of completion of the contract), we shall be discharged from all<br />
liabilities under this guarantee thereafter.<br />
5 (a) Not withstand<strong>in</strong>g anyth<strong>in</strong>g to the contrary conta<strong>in</strong>ed here<strong>in</strong> the liability of the bank<br />
under this guarantee will rema<strong>in</strong> <strong>in</strong> force and effect until such time as this guarantee is<br />
discharged <strong>in</strong> writ<strong>in</strong>g by the Government or until (Date of Completion) whichever is<br />
earlier and no claim shall be valid under this guarantee unless notice <strong>in</strong> writ<strong>in</strong>g thereof is<br />
given by the Government with<strong>in</strong> 2 months from the date aforesaid.<br />
(b) Provided always that we ________________(<strong>in</strong>dicate the name of the Bank)<br />
unconditionally undertakes to renew this guarantee or to extend the period of guarantee<br />
from year to year with<strong>in</strong> two months before the expiry of the period or the extended<br />
period of the guarantee, as the came may be, on be<strong>in</strong>g called upon to do so by the<br />
Government, If the guarantee is not renewed or the period extended on demand, we<br />
___(<strong>in</strong>dicate the name of the Bank) shall pay the Government the full amount of the<br />
guarantee on demand and without demur.<br />
6 We______________(<strong>in</strong>dicate the name of the Bank) further agree with the Government<br />
that the Government shall have the fullest liberty without our consent and without<br />
effect<strong>in</strong>g <strong>in</strong> any manner out of obligations hereunder to vary and of the terms and<br />
conditions of the said contract from time to time or to postpone for any time or from time<br />
to time any of the powers exercisable by the Government aga<strong>in</strong>st the said contractor (s)<br />
and to forbear or enforce any of the terms and conditions of the said agreement and we<br />
shall not be relieved from our liability by reason of any such variation, or extension be<strong>in</strong>g<br />
granted to the said contractor (s) or for any bearance, act or omission on the part of the<br />
<strong>gov</strong>ernment or any <strong>in</strong>dulgence by the Government to the said contractor (s) or by any<br />
such matter or th<strong>in</strong>g whatsoever which under the law relat<strong>in</strong>g to sureties but for the said<br />
reservation would relive us from the liability.<br />
7 This guarantee will not be discharged due to the change <strong>in</strong> the constitution of the Bank<br />
or the Contractor (s).<br />
OS/Works 41
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