details.... - Chennai Telephones - BSNL

NAME OF WORK: Operation and comprehensive maintenance of 5ESS, NIB, BB Multiplay, OCB PAC plants at TE
Haddows Road, Chennai. (2013-15)
MODEL FORM OF BANK GUARANTEE
(For submitting EMD)
Whereas____________________________(hereinafter called “the contractor(s)”) has
submitted its Tender dated_________for the work _____________________
_________________________________________________________________
KNOW ALL MEN by these presents that WE___________________________
OF___________________________ having our registered office at_______________________
(hereinafter called “the Bank”) are bound unto _______________________ (hereinafter called
“the BSNL”) in the sum of _________________ for which payment will and truly to be made of
the said BSNL, the Bank binds itself, its successors and assigns by these presents.
THE CONDITIONS of the obligation are:
1. If the Contractor(s) withdraws its Tender during the period of Tender validity specified on
the Tender Form: or
2. If the Contractor(s) having been notified of the acceptance of its Tender by the BSNL during
the period of Tender validity.
(a) Fails or refuses to execute the Contract.
(b) Fails or refuses to furnish security Deposit in accordance with the conditions of
Tender document.
We undertake to pay to the BSNL up to the above amount upon receipt of its first written
demand, without the BSNL having to substantiate its demand, provided that in its demand, the
BSNL will note that the amount claimed by it is due to it owing to the occurrence of one or both
of the two conditions, specifying the occurred condition or conditions.
This guarantee will remain in force as specified in the Tender Document up to and including
Thirty (30) days after the period of the Tender validity and any demand in respect thereof
should reach the Bank not later than the specified date/dates.
Signature of the Bank
Signature of the Witness
Name of Witness
Address of Witness
Contractor
15
Executive Engineer (E)