RFP 58/FY 2012-2013/CO: DIT/Laptops-USB/rk ... - Syndicate Bank

Ref. No.: RFP 58/FY 2012-2013/CO: DIT/Laptops-USB/rk Date: 27-08-2012
ANNEXURE-D
BID SECURITY FORM
Whereas ______ (herein after called “the Bidder”) has submitted its Bid vide RFP
58/FY 2012-2013/CO: DIT/Laptops-USB/rk dated 27-08-2012 for the supply of
________(hereinafter called “the Bid”)
KNOW ALL PEOPLE by these presents that we ___________ having our Registered
Office at ___________ (hereinafter called “the Bank”) are bound unto
SyndicateBank, Corporate Office, Department of Information Technology, II Floor,
National Games Village, Koramangala, Bangalore (hereinafter called “Purchaser” or
“Bank”) in the sum of _____ for which payment well and truly to be made to the said
Purchaser, the Bank binds itself, its successors and assigns by these presents.
Affixed with the Seal of the said Bank this ____ day of __________2012.
THE CONDITIONS of this obligation are:
1 If the Bidder withdraws its Bid during the period of Bid validity specified by the
Bidder on the Bid Form; or
2 If a Bidder fails to participate in Online Sealed Bids/ Reverse Auction Process, or
3 If the Bidder, having been notified of the acceptance of its Bid by the Bank during
the period of Bid validity:
a) Fails or refuses to execute the Contract Form if required; or
b) Fails or refuses to furnish the Performance Security, in accordance with the
terms of the Bid; or
c) Fails to supply the Goods within the stipulated period. or
d) Fails to accept the Purchase Order.
We undertake to pay the Bank up to the above amount upon receipt of its first written
demand, without the Bank having to substantiate its demand, provided that in its
demand the Bank will note that the amount claimed by it is due to it, owing to the
occurrence of one or more of the above conditions, specifying the occurred condition
or conditions.
This Guarantee will remain in force up to and including -----------------, 2012, and any
demand in respect thereof should reach the Bank not later than the above date.
____________________________
(Signature and Seal of Bank)
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