BID DOCUMENTS - IDCO

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We, the said Bank, lastly undertake not to revoke this guarantee during its currency except with the previous consent of the Owner in writing and agree that any change in the constitution of the said tenderer or the said Bank shall not discharge our liability hereunder. In witness where of the Bank, through its authorised offices has set its hand and stamp on this _____________________ day of ________________2010___ at __________________________________ Witness Signature Name Signature Name Designation with Bank Stamp Official Address Attorney as per power of Attorney No.______________________ Date :______________________ Note : The stamp papers of appropriate value shall be purchased in the name of “Bid Guarantee issuing Bank” 23
SECURITY DEPOSIT BANK GUARANTEE PROFORMA IN LIEU OF SECURITY DEPOSIT Bank Guarantee to be executed on non-judicial stamped paper worth Rs.40.00 (Rupees forty only). 1. In consideration of the ____________________, Orissa Industrial Infrastructure Development Corporation (hereinafter called “The Corporation having agreed to allow (M/s___________________) (hereinafter called “the said Contractor_________________ terms and conditions of an agreement no. ( _______________________date _________________ ) made between the Corporation and (M/s______________________) for supply of materials ( as detailed in the said agreement) and for the due fulfillment by the said contractor(s) of the terms and conditions contained in the said agreement, on production of Bank Guarantee for Rs._____________) we (______________________) (hereinafter referred to “the Bank”) do hereby undertake to pay the Corporation an amount not exceeding Rs.__________ against any loss or damage caused to or suffered by or would be caused or suffered by the Corporation by reason of any breach by the said contractor(s) of any of the terms of conditions contained in the said agreement. 2. We (_________________________) do hereby undertake to pay the amounts due and payable under this guarantee without any demur, merely on a demand from the Corporation Stating that the amount claimed is due from the Corporation Stating that the amount claimed is due by way of loss or damage caused to or suffered by the Corporation by reason of any breach by the said contractor (s) of any of the terms and conditions contained in the said agreement or by reason of the contractor (s) failure to perform the said agreement. Any such demand made on the Bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs. ____________. 3. We (___________________________________) further agree that the guarantee herein contained shall remain in full force and effect during the period that would be taken for the performance of the said agreement and that it shall continue to be enforceable till all the dues of the Corporation under or by virtue of the said agreement have been fully paid and its claims satisfied or discharged or the (___________________________), Orissa Industrial Infrastructure Development Corporation, certifies that the terms and conditions of the said agreement have been full and properly carried out by the said contractor(s) and the guarantee shall then be in-effective. Unless a demand or claim under this guarantee is made on us in writing or before the (_________________________) we shall be discharged from all liability under this guarantee thereafter. 4. We (_____________________________) further agree that the corporation shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder to vary any of the terms and conditions of the said agreement or to extend time of performance by the said contractors and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the said contractor(s) or for any forbearance, act or omission on the part of the Corporation or any indulgence by the Corporation to the said contractor(s) or by any such matter or thing whatsoever which under the law relating to sureties would but for this provision have effect of so relieving us. 24
Page 1 and 2: BID DOCUMENTS For the work Renovati
Page 3 and 4: ORISSA INDUSTRIAL INFRASTRUCTURE DE
Page 5 and 6: Orissa Industrial Infrastructure De
Page 7 and 8: Memo No - 731 /Dt 20.06.2011 Copy t
Page 9 and 10: SPECIAL CONDITION 1. Notwithstandin
Page 11 and 12: GENERAL CONDITIONS 1. Drawings and
Page 13 and 14: SPECIAL CONDITION The contractor sh
Page 15 and 16: FORM OF BID/TENDER [Note: the Appen
Page 17 and 18: and actual labour involved. 10% ext
Page 19 and 20: SPECIAL NOTE 1. The rates to be quo
Page 21 and 22: Should this tender be accepted I/We
Page 23: EARNEST MONEY DEPOSIT Ref. No._____
Page 27 and 28: PERFORMANCE GUARANTEE FORMAT PROFOR
Page 29 and 30: A G R E E M E N T The Agreement is
Page 31 and 32: GENERAL RULES and DIRECTIONS FOR TH
Page 33 and 34: een so filled in and completed, he
Page 35 and 36: 14. The tenderer has to furnish val
Page 37 and 38: CONDITIONS OF CONTRACT CLAUSE - I A
Page 39 and 40: Corporation shall have certified in
Page 41 and 42: shall not preclude the requiring of
Page 43 and 44: any profit or advantage, which he m
Page 45 and 46: or other documents forming part of
Page 47 and 48: entitled to direct at what point or
Page 49 and 50: d) The authorized officer of the Co
Page 51 and 52: (a) (b) (c) (d) (e) The Contractor
Page 53 and 54: 12. Appeal against the decision of
Page 55 and 56: 6. INSURANCE AGAINST FIRE, ACCIDENT
Page 57 and 58: 15. The Contractor shall submit to
Page 59 and 60: The Contractor shall submit a copy
Page 61 and 62: SPECIAL TERMS & CONDITIONS FOR SAFE

BID DOCUMENTS - IDCO

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