Request for Proposal - Government of Haryana

5.9 FORM OF BANK GUARANTEE FOR ADVANCE PAYMENTS(Reference Clause 4.3.3 of Contract)(To be stamped in accordance with Stamp Act, if any, of the country of issuing bank)Ref: _______________________Bank Guarantee: ______________Date : _____________________ToExcise and Taxation Commissioner,Government of HaryanaPanchkulaDear Sir,WHEREASM/s. (name of BidderTenderer), a company registered under the Companies Act, 1956, having itsregistered and corporate office at (address of the Operator), (hereinafter referred to as “ourconstituent”, which expression, unless excluded or repugnant to the context or meaning thereof,includes its successors and assigns), agreed to enter into a Contract dated …….. (herein after,referred to as “Contract”) with you (Excise and Member Commissioner, Govt. of Haryana) for Project„eGovernance in Department of Excise and Taxation, Govt. of Haryana; in the said Contract.We are aware of the fact that as per the terms of the Contract, M/s. (name of Bidder/Tenderer) isrequired to furnish an unconditional and irrevocable Bank Guarantee in your favour for an amount ------------------------ (5% of contract value) for a period of 16 months from the date of signing of the contractand an amount of ---------------------------- (2% of contract value) for a period starting from 17 th month to60 th month from date of signing of contract, and guarantee the due performance by our constituent asper the Contract and do hereby agree and undertake to pay any and all amount due and payableunder this bank guarantee, as security against breach/ default of the said Contract by our Constituent.59