tender document - Vanbandhu Kalyan Yojana - Government of Gujarat

Page 35 of 39ANNEXURE –3FORMAT FOR PERFORMANCE GUARANTEE(On Non-Judicial Stamp Paper)To be stamped according to Stamp Act and toBe in the name of the executing BankToDevelopment Support Agency of Gujarat,Block No. 8. 2 nd floor,Sachivalay,Gandhinagar 382010,GujaratIn consideration of the DSAG, GANDHINAGAR having its registered office atGandhinagar (hereinafter called the “DSAG” which expression shall unlessrepugnant to the subject or context include its administrators successors and assigns)having agreed under the terms and conditions of the Award Letter bearing No _____dated _____ issued by the DSAG, Block No. 8. 2 nd floor, Sachivalay, Gandhinagar382010, which has been unequivocally accepted by the Vendor (refer NOTE below)work of Agricultural Service Provider (ASP) for Scheduled tribe (ST) Areas ofGujarat under the Integrated Scheduled tribe (ST) Development Programme(hereinafter called the said Contract) to accept a Deed of Guarantee as hereinprovided for Rs. ____ (Rupees ____ only) from a Nationalised Bank, in lieu of thesecurity deposit, to be made by the Vendor or in lieu of the deduction to be madefrom the Vendor’s bill, for the due fulfillment by the said Vendor of the terms andconditions contained in the same Contract. We ________ the __________(hereinafter referred to be “the said Bank” and having our registered office at ____do hereby undertake and agree to indemnify and keep indemnified to the DSAGfrom time to time to the extent of Rs. ____ (Rupees ____ only) against any loss ordamage, costs charges and expenses misused to or suffered by or that may be causedto or suffered by the DSAG by reason of any breach or breaches by the Vendor andto unconditionally pay the amount claimed by the DSAG on demand and withoutdemand to the extent aforesaid. We, __________ Bank, further agree that the DSAGshall be the sole judge of and as to whether the said Vendor has committed anybreach or breaches of any of the terms and conditions of the said Contract and theextent of loss, damage, costs, charges and expenses caused to or suffered by or thatmay be caused to or suffered by the DSAG on account thereof and the decision ofthe DSAG that the said Vendor has committed such breach or breaches and as to theamount or amounts of loss, damage, costs charges and expenses caused to orsuffered by or that may be caused to or suffered by the DSAG from time to timeshall be final and binding on us.1. We, the said Bank, further agree that the Guarantee herein contained shall remainin full force and effect during the period that would be taken for the performanceof the said contract and till all the dues of the DSAG under the said Contract orby virtue of any of the terms and conditions governing the said Contract havebeen fully paid and its claims satisfied or discharged and till the owner certifiesthat the terms and conditions of the said Contract have been fully and properly