details - Chennai Telephones - BSNL
details - Chennai Telephones - BSNL
details - Chennai Telephones - BSNL
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Name of Work:- Comprehensive annual maintenance of 2Nos 8 Passenger lifts in CGM Building<br />
<strong>Chennai</strong> (2013-15)<br />
MODEL FORM OF BANK GUARANTEE<br />
(Forsubmitting EMD)<br />
Whereas____________________________(hereinafter called “the contractor(s)”) has<br />
submitted its Tender dated_________for the work _____________________<br />
_________________________________________________________________<br />
KNOW ALL MEN by these presents that WE___________________________<br />
OF___________________________ having our registered office<br />
at_______________________ (hereinafter called “the Bank”) are bound unto<br />
_______________________ (hereinafter called “the <strong>BSNL</strong>”) in the sum of<br />
_________________ for which payment will and truly to be made of the said <strong>BSNL</strong>, the<br />
Bank binds itself, its successors and assigns by these presents.<br />
THE CONDITIONS of the obligation are:<br />
1. If the Contractor(s) withdraws its Tender during the period of Tender validity<br />
specified on the Tender Form: or<br />
2. If the Contractor(s) having been notified of the acceptance of its Tender by the<br />
<strong>BSNL</strong> during the period of Tender validity.<br />
(a) Fails or refuses to execute the Contract.<br />
(b) Fails or refuses to furnish security Deposit in accordance with the conditions<br />
of Tender document.<br />
We undertake to pay to the <strong>BSNL</strong> up to the above amount upon receipt of its first<br />
written demand, without the <strong>BSNL</strong> having to substantiate its demand, provided that in<br />
its demand, the <strong>BSNL</strong> will note that the amount claimed by it is due to it owing to the<br />
occurrence of one or both of the two conditions, specifying the occurred condition or<br />
conditions.<br />
This guarantee will remain in force as specified in the Tender Document up to and<br />
including Thirty (30) days after the period of the Tender validity and any demand in<br />
respect thereof should reach the Bank not later than the specified date/dates.<br />
Signature of the Bank<br />
Signature of the Witness<br />
Name of Witness<br />
Address of Witness<br />
Contractor Internet Downloaded copy Executive Engineer (E)<br />
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