View Tender Document - e-Tendering

43FORM – IX(On Stamp Paper of worth Rs. 100/-)Dy.Ex.Engr.MODEL FORM OF BANK GUARANTEE BONDIn consideration of the Governor of Maharshtra ( hereinafter referred to as “ TheGovernment”) having agreed to exempt ______________________( hereinafterreferred to as “ The Contractor”) from depositing with the Government in cash the sumof Rs. _______ (Rupess___________________________________________only)being the security deposit payable by the Contractor to the Government under theterms and conditions of the agreement dated the _______ day of_________________ and made between the Government of the one part and theContractor of the other part (hereinafter referred to as “the said agreement”) for_________________as security for the observance and performance by theContractor of the terms and conditions of the said agreement, on the contractorfurnishing to the Government a guarantee in the prescribed form of scheduled bank inIndia being in fact these present in the like sum of Rs. _________ ( Rupees_____________________________only). We _______________________ BANK /LIMITED registered in India under _________ Act and having one of our local HeadOffice at ____________________do hereby :1. Guarantee to the Government :a) Due performance and observance by the Contractor of the terms, covenantsand conditions on the part of the Contractor contained in the said agreement,ANDb) Due and punctual payment by the Contractor to the Government of all sums ofmoney, losses, damages, cost charges, penalties and expenses payable to theGovernment by the Contractor under or in respect to the said agreement2. Undertake to pay to the Government on demand and without demur andnotwithstanding any dispute or disputes raised by the Contractor(s) in any suit orproceeding filed in any court of tribunal relating thereto the said sum of Rs. _______( Rupees __________________________________________ only) or such less summay be demanded by the Government from us our liability hereunder being absoluteand unequivocal and agree that .3.a) The guarantee herein contained shall remain in full force and effect during thesubsistence of the said agreement and that the same will continue to be enforceabletill all the dues of the Government under or by virtue of the said agreement have beenduly paid and its claims satisfied or discharged and till the Government certifies thatthe terms and conditions of the said agreement have been fully , properly carried outby the Contractor.b) We shall not be discharged or released from the liability under this guaranteeby reasons ofi) any change in the constitution of the bank or the Contractor or ;Signature of Contractor No. of Corrections Executive Engineer