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APPENDIX 2.10-A Format of Tender Notice for ... - Cg.nic.in

APPENDIX 2.10-A Format of Tender Notice for ... - Cg.nic.in

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Chap. II ]184ANNEXURE G–IGUARANTEE BOND[ Appendix <strong>2.10</strong> A(to be used by approved scheduled banks )1. In consideration <strong>of</strong> the Governor <strong>of</strong> Chhattisgarh (here<strong>in</strong>after called the Government)hav<strong>in</strong>g agreed to exempt .............................................(here<strong>in</strong>after called ''the saidContractor (s)'' from the demand under the terms and conditions <strong>of</strong> an agreement)dated ........................ made between………............... and…….........................<strong>for</strong>……………. (here<strong>in</strong>after called '' the said agreement'') <strong>of</strong> ………….deposits <strong>for</strong>the due fulfillment by the said contractor(s) <strong>of</strong> the terms and conditions conta<strong>in</strong>ed <strong>in</strong>the said agreement on production <strong>of</strong> a bank Guarantee <strong>for</strong> Rs..........................(Rupees.............................only).We..................... bank Limited, (here<strong>in</strong>after referred to as ''the Bank'') do hereby undertake to pay the Government anamount not exceed<strong>in</strong>g Rs. ........................................... aga<strong>in</strong>st any loss or damagecaused to or suffered or would be caused to or suffered by the Government byreason <strong>of</strong> any breach by the said contractor (s) <strong>of</strong> any terms or conditions conta<strong>in</strong>ed <strong>in</strong>the said agreement .2. We.....................................Bank Limited ...................... do hereby undertake to paythe amounts due and payable under this guarantee without any demand any merelyon demand from the Government stat<strong>in</strong>g that the amount claimed is due by way <strong>of</strong>loss or damage caused to or would be caused to or suffered by the Government byreason <strong>of</strong> any breach by the said contractor (s) <strong>of</strong> any <strong>of</strong> the terms or conditionsconta<strong>in</strong>ed <strong>in</strong> the said agreement or by reason <strong>of</strong> the contractor (s) failure to per<strong>for</strong>mthe said agreement . Any such demand made on the Bank shall be conclusive asregards the amount due and payable by the Bank under this guarantee. However, ourliability under this guarantee shall be restricted to an amount not exceed<strong>in</strong>g Rs........................................3. We ....................................... Bank Limited further agree that the guarantee here<strong>in</strong>conta<strong>in</strong>ed shall rema<strong>in</strong> <strong>in</strong> full <strong>for</strong>ce and effect dur<strong>in</strong>g the period that would be taken<strong>for</strong> the per<strong>for</strong>mance <strong>of</strong> the said agreement and that it shall cont<strong>in</strong>ue to be en<strong>for</strong>ceabletill all dues <strong>of</strong> Government under or by virtue <strong>of</strong> the said agreement have been fullypaid and its claims satisfied or till……………….................................................department <strong>of</strong> .............................certificates that the term and conditions <strong>of</strong> the said agreement have been fully andproperly carried out by the said contractor (s) and accord<strong>in</strong>gly discharge theguarantee. Unless a demand or claim under this guarantee is made on us <strong>in</strong> writ<strong>in</strong>g onor be<strong>for</strong>e the ....................................... we shall be discharged from all liability underthis guarantee thereafter.4. We.................................. Bank limited further agree with the Government that theGovernment shall have fullest liberty without out consent and without affect<strong>in</strong>g <strong>in</strong> anymanner our obligations here under or vary any <strong>of</strong> the terms and conditions <strong>of</strong> the saidagreement or to extended time <strong>of</strong> per<strong>for</strong>mance by the said contractor (s) from time to

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