Tender Specification for Supply, Erection, Testing and ... - IDCO

SECTION - 1
(Formats & Deviations)
FORMAT FOR BANK GUARANTEE AS EMD
Ref. No.
Dated
Bank Guarantee No.
To
M/s. Orissa Industrial Infrastructure Development Corporation,
IDCO, IDCO Towers, Janpath,
Bhubaneswar - 751022,
Dist. Khurda (Orissa)
Dear Sirs,
In consideration of Orissa Industrial Infrastructure Development Corporation, having its
Registered Office at IDCO Towers, Janpath, Bhubaneswar (hereinafter called the ‘Owner’
which expression shall unless repugnant to the subject or context include its successors and
assigns) having issued Notice Inviting Tender for “Supply, Erection, Testing and
Commissioning of HV Air-Conditioning system with Scroll Chillers for (48x3)TR
(approx.) along with associated works for MCA Building at Plot No. 9 (P), Markat Nagar,
Sector-1, Bidanasi, Cuttack” and M/s. having its
Registered Head Office at
(hereinafter called the ‘Tenderer’) who
wished to participate in the said tender for “Supply, Erection, Testing and Commissioning
of HV Air-Conditioning system with Scroll Chillers for (48x3)TR (approx.) along with
associated works for MCA Building at Plot No. 9 (P), Markat Nagar, Sector-1, Bidanasi,
Cuttack” and the owner, as a special favour, have agreed to accept an irrevocable and
unconditional Bank Bid Guarantee executed by any Nationalised Bank operable at its
Bhubaneswar Branch only for an amount of Rs.
valid up to
on behalf of the tenderer in lieu of Cash Deposit required to be made by the
Tenderer, as a condition precedent for participation in the said tender.
We the (Bank & Address) incorporated under law and having our
Registered Head Office at
and one of our branches at
(Bhubaneswar Branch Address) do hereby unconditionally and irrevocably guarantee and
undertake to pay to the ‘Owner’ immediately on demand at our Bhubaneswar Branch without
any demur reservation, protest, contest and recourse to the extent of the said sum of
Rs. (Rupees ) only.
Any such claim/ demand made by the said ‘Owner’ on us shall be conclusive and binding on
us irrespective of any dispute or differences raised by the tenderer. This guarantee shall be
irrevocable and shall remain valid up to . If any further extension of this guarantee is
required, the same shall be extended to such required period on receiving instruction from
the Tenderer on whose behalf this guarantee is issued.