(VERSION-IV) - DVC :: Consumer Login

(on non-judicial stamp paper of appropriate value to be purchased in the name of executing Bank)
ANNEXURE-Q
PROFORMA OF BANK GUARANTEE FOR SECURITY DEPOSIT-CUM-
PERFORMANCE GUARANTEE
Ref……………………
Bank Guarantee No………………………
Date………………….
PROFORMA OF B.G. FOR SECURITY DEPOSIT/100% PAYMENT
(1) KNOW ALL MEN BY THESE PRESENTS that in consideration of Damodar Valley
Corporation, a Corporation constituted and established under the Damodar Valley Corporation
Act being Act No. XIV of 1948 and having its Headquarters at D.V.C. Towers, V I P Road,
Kolkata-700 054
(hereinafter called “The Corporation”) having agreed to accept from
(hereinafter called “The Contractor”), a Bank Guarantee for
Rs.
in lieu of Cash Security Deposit for the due fulfillment by the Contractor
of the terms & conditions of the *Purchase Order/Letter of Intent/Letter of Acceptance/ work
order No. issued by the Corporation for
(Name & Description of the work/material)
(hereinafter called “the said *Purchase Order/Letter of Intent/Letter of
Acceptance/ work order”) we
(hereinafter called “the
Guarantor”) do hereby undertake to indemnify and keep indemnified the Corporation to the extent
of Rs. (Rupees
) only against any loss or damage caused to or suffered by
the Corporation by reason of any breach by the Contractor of any of the terms and conditions
contained in the said * Purchase Order/Letter of Intent/Letter of Acceptance/ work order of which
breach the opinion of the Corporation shall be final and conclusive.
W& P Manual – 2012 Page 216