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maharashtra animal& fishery sciences university,nagpur

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TENDER Notice, DTC, Warud (Pusad)3) The terms and conditions with the signed declaration by the tenderer must be returned intactwith the tender, duly filled in by him, in a sealed cover to the Associate Dean, College of DairyTechnology, Warud (Pusad),Distt. Yavatmal, Maharashtra. Pin 445 204PART 6: Bank guarantee form for bid securityWhereas………………………………………………………………….. (name of bidder) (hereinaftercalled " the bidder") has submitted his bid dated………………..(date) for the supplyof………………………(brief description of the relevant goods and services) (hereinafter called "thebid").KNOW ALL PEOPLE by these presents that WE …………………… (name of the bank) havingregistered office at ………………………………………………….. (full address) (hereinafter called"the bank") are bound unto………………………………. (name of the purchaser (hereinafter called "the purchaser") in the sum of …………………………….. (amount in figures and in words) for whichpayment well and truly to be, made to the said purchaser, the bank binds itself, its successors andassigns by these presents.Sealed with the Common Seal of the said bank this…………………………………….. .. Dayof………………………………………………..200….. ……………………………………...THE CONDITIONS of these obligations are:1. If the bidder(i) Withdraws its bid during the period of bid validity specified by the bidder on the bid form;or(ii) Does not accept the correction of errors in accordance with the instruction to BiddersOR2. If the bidder, having been notified of the acceptance of its bid by the purchaser during the period ofbid validity:(i) fails or refuses to execute the contract form, if required: or(ii) fails or refuses to furnish the performance security, in accordance with the instructions toBidders:We undertake to pay to the purchaser up to the above amount upon receipt of its first writtendemand, without the purchaser having to substantiate its demand, provided that in its demand thepurchaser will note that the amount claimed by it is due to it, owing to the occurrence of one or bothof the above mentioned two conditions, specifying the occurred condition or conditions.This guarantee will remain in force up to and including 60 (sixty) days after the period of bidvalidity and any demand in respect thereof should reach the bank not later than the above date.Date……………………..Signature of the Bank27

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