Bharat Sanchar Nigam Limited - National Portal of India
Bharat Sanchar Nigam Limited - National Portal of India
Bharat Sanchar Nigam Limited - National Portal of India
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Sub: Performance guarantee.<br />
Section- 7<br />
7(A) Pr<strong>of</strong>orma for the Performance Guarantee<br />
(To be typed on Rs.100/- non-judicial stamp paper)<br />
Whereas BSNL-J&K has agreed to award the work <strong>of</strong> Scanning, Uploading &<br />
Management <strong>of</strong> Customer Application Form (CAF) <strong>of</strong> BSNL Cellular customers alongwith<br />
web based monitoring system and supply <strong>of</strong> Server Hardware & S<strong>of</strong>tware in J&K Telecom<br />
Circle to M/s……………………………………………………………………………………………..<br />
R/o………………………………………………………………… (hereafter referred to as<br />
Contractor) and has asked him to submit a performance guarantee in favour <strong>of</strong> AGM(EB) O/o<br />
CGMT J&K Circle <strong>of</strong> Rs. …………../- which is valid up to ……/……/………<br />
Now at the request <strong>of</strong> the Contractor, We ……………………………………… Bank<br />
…………………………Branch having ………………………… ……….<br />
.……………………………………. (Address) and Regd. <strong>of</strong>fice address as ………<br />
………...……………………………………………………………………… ……… ………<br />
…………… (Hereinafter called ‘the Bank”) agreed to give this guarantee as hereinafter<br />
contained:<br />
1. We, ‘the Bank” do hereby undertake and assure to the BSNL that if in the opinion <strong>of</strong><br />
the BSNL, the Franchisee has in any way failed to observe or perform the terms and<br />
conditions <strong>of</strong> the said agreement or has committed any breach <strong>of</strong> its obligations thereunder,<br />
the Bank shall on demand and without any objection or demur pay to the BSNL<br />
the said sum <strong>of</strong> Rs. …………./- (Rupees ……………… only) or such lesser amount as<br />
BSNL may demand without requiring BSNL to have recourse to any legal remedy that<br />
may be available to it to compel the Bank to pay the same.<br />
2. Any such demand from the BSNL shall be conclusive as regards the liability <strong>of</strong><br />
Franchisee to pay to BSNL or as regards the amount payable by the Bank under this<br />
guarantee. The Bank shall not be entitled to withhold payment on the ground that the<br />
Franchisee had disputed its liability to pay or has disputed the quantum <strong>of</strong> the amount<br />
or that any arbitration proceeding or legal proceeding is pending between Franchisee<br />
and BSNL regarding the claim.<br />
3. We, the Bank further agree that the guarantee shall come into force from the date <strong>of</strong><br />
its issue and shall remain in full force and effect up …../ ….. / 20……. hereafter<br />
referred to as Validity date)<br />
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