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Operational excellence for results that matter MEASURED PRICE CONSTRUCTION CONTRACT Schedules Operational excellence for results that matter SCHEDULE 6 Schedule of Forms of Security (A) (B) (C) (D) Form of Bank Guarantee for Performance Form of Bank Guarantee for Advance Payment Form of Parent Company Guarantee Form of Legal Opinion
Operational excellence for results that matter MEASURED PRICE CONSTRUCTION CONTRACT Schedules Operational excellence for results that matter BANK GUARANTEE FOR PERFORMANCE [On the letterhead of the Bank] Date: [insert] To: High Commission of India in Sri Lanka [Address to be inserted ] Dear [insert] [insert the description of particular package(s)] -Provision of Infrastructure Facilities for Atchchuvali Industrial Estate Development Project – Phase I in Jaffna District - Construction Contract - Bank Guarantee for Performance You entered into a contract dated [insert date] with [insert] ("Contractor") titled [insert contract title] Construction Contract for the [insert the description of particular package(s)] -Provision of Infrastructure Facilities for Atchchuvali Industrial Estate Development Project – Phase I in Jaffna District, Sri Lanka for certain works and services ("Works") to be undertaken by the Contractor ("Contract"). We, [insert Bank], irrevocably and unconditionally undertake with you that whenever you give written notice to us stating that in your sole and absolute judgment the Contractor has failed to observe or perform any of the terms, conditions or provisions of the Contract on its part to be observed or performed, we will, notwithstanding any objection which may be made by the Contractor and without any right of set-off or counterclaim, immediately pay to you or as you may direct such an amount as you may in such notice require not exceeding the sum equivalent to 10% of the Accepted Contract Amount ("Guaranteed Sum"). This Bank Guarantee for Performance ("Guarantee") is valid and will continue to be valid from the date of this letter for the Guaranteed Sum and will reduce to 5% of the Contract Price upon the issue of the Taking Over Certificate. This Guarantee will automatically become null and void on the issue of the Final Completion Certificate or, if a dispute arises under the Contract, after the final determination of that dispute, whichever occurs later. Any payment by us in accordance with this Guarantee must be in immediately available and freely transferable in Sri Lankan Rupees free and clear of and without any deduction for or on account of any present or future taxes, levies, imposts, duties, charges, fees, set off, counterclaims, deductions or withholdings of any nature whatsoever and by whomever imposed. Our obligations under this Guarantee constitute direct primary, irrevocable and unconditional obligations, do not require any previous notice to or claim against the Contractor and will not be discharged or otherwise prejudiced or adversely affected by any: time, lenience or tolerance which you may grant to the Contractor;
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DEVELOPMENT OF ATCHCHUVALI INDUSTRI
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INVITATION TO BID Instructions Oper
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INVITATION TO BID Schedules Operati
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United Nations Office for Project S
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BILLS OF QUANTITIES Development of
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Development of Atchchuvali Industri
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