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Hiring of VPN Services for GAIL Agartala

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INSTRUCTIONS FOR FURNISHING CONTRACT PERFORMANCE GUARANTEE<br />

1. The Bank Guarantee by successful bidder(s) will be given on non-judicial stamp paper as per<br />

stamp duty applicable. The non-judicial stamp paper should be in name <strong>of</strong> the issuing bank.<br />

In case <strong>of</strong> <strong>for</strong>eign bank, the said bank guarantee to be issued by its correspondent bank in<br />

India on requisite non-judicial stamp paper and place <strong>of</strong> bid to be considered as Delhi.<br />

2. The bank guarantee by bidders will be given from bank as specified in ITB.<br />

3. A letter from the issuing bank <strong>of</strong> the requisite Bank Guarantee confirming that said bank<br />

guarantee and all future communication relating to the Bank Guarantee shall be <strong>for</strong>warded to<br />

Employer.<br />

4. If a bank guarantee is issued by a commercial bank, then a letter to Owner and copy to<br />

Consultant confirming its net worth is more than Rs. 100 Cr. (Rupees one hundred crore) or its<br />

equivalent in <strong>for</strong>eign currency along with a documentary evidence.<br />

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