Tender No.: 465S/2011/12 - City of Cape Town

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Tender No.: 465S/2011/12 7. Where the Guarantor has made payment in terms of 5, the City of Cape Town shall, upon the termination date of the Contract, submit an expense account to the Guarantor showing how all monies received in terms of this Guarantee/Performance Security have been expended, and shall refund to the Guarantor any resulting surplus. All monies refunded to the Guarantor in terms of this Guarantee/Performance Security shall bear interest at the prime overdraft rate of the City of Cape Town's bank, compounded monthly and calculated from the date payment was made by the Guarantor to the City of Cape Town until the date of refund. 8. Payment by the Guarantor in terms of 4 or 5 shall be made within 7 (seven) calendar days upon receipt of the first written demand to the Guarantor. 9. Payment by the Guarantor in terms of 5 will only be made against the return of the original Guarantee/Performance Security by the City of Cape Town. 10. The City of Cape Town shall have the absolute right to arrange its affairs with the Supplier in any manner that the City of Cape Town may deem fit, and the Guarantor shall not have the right to claim his release from this Guarantee/Performance Security on account of any conduct alleged to be prejudicial to the Guarantor. 11. The Guarantor chooses the physical address as stated above for the service of all notices for all purposes in connection herewith. 12. This Guarantee/Performance Security is neither negotiable nor transferable and shall expire in terms of 2, whereafter no claims will be considered by the Guarantor. The original of this Guarantee shall be returned to the Guarantor after it has expired. 13. This Guarantee/Performance Security, with the required demand notices in terms of 4 or 5, shall be regarded as a liquid document for the purposes of obtaining a court order. 14. Where this Guarantee/Performance Security is issued in the Republic of South Africa the Guarantor hereby consents in terms of Section 45 of the Magistrate's Courts Act, Act 32 of 1944, as amended, to the jurisdiction of the Magistrate's Court of any district having jurisdiction in terms of Section 28 of the said Act, notwithstanding that the amount of the claim may exceed the jurisdiction of the Magistrate's Court. Signed at .............................................................................................................................................................. Date .................................................................................................................................................................... Guarantor's signatory (1) ..................................................................................................................................... Capacity ............................................................................................................................................................... Guarantor's signatory (2) ..................................................................................................................................... Capacity ............................................................................................................................................................... Witness signatory (1) ........................................................................................................................................... Witness signatory (2) ........................................................................................................................................... 92
Tender No.: 465S/2011/12 Annexure A (Returnable Schedule 9) The following financial institutions are currently approved for issue of contract sureties to the City (updated 01/11/2011): National Banks: ABSA Bank Ltd. Development Bank of Southern Africa FirstRand Bank Ltd. Gensec Bank Ltd. Industrial Development Corporation of South Africa Infrastructure Finance Corporation Investec Bank Ltd. Land & Agricultural Bank of SA Mercantile Bank Ltd. Nedbank Ltd. Standard Bank of SA Ltd. International Banks (with branches in SA): Barclays Bank plc. Citibank n.a. Commerzbank Aktiengesellschaft Credit Agricole Corporate and Investment Bank Deutsche Bank AG JP Morgan Chase Bank Societe Generale Standard Chartered Bank Insurance companies: ABSA Insurance AIG South Africa Auto & General Coface s.a. Compass Insurance Co. Constantia Insurance Co. Credit Guarantee Insurance Co. Etana Insurance Company Ltd. Guardrisk Insurance Co. Home Loan Guarantee Co. Lion of Africa Insurance Co. Lombard Insurance Mutual & Federal Insurance Co. New National Assurance Co. Regent Insurance Co. Renasa Insurance Company Ltd. Zurich Insurance Co. 93
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Tender No.: 465S/2011/12 TENDER DOC
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Tender No.: 465S/2011/12 Name of Co
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Tender No.: 465S/2011/12 (3) CONTRA
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Tender No.: 465S/2011/12 ITEM NO. 1
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Tender No.: 465S/2011/12 - City of Cape Town

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