CONTRACT PERFORMANCE BANK GUARANTEE. 8.1 As a performance securitySupplier shall submit to Purchaser unconditional and irrevocable bank guarantee in an amount of 5% from Contract value.
CONTRACT PERFORMANCE BANK GUARANTEE. Not applicable
CONTRACT PERFORMANCE BANK GUARANTEE. 10.1. To ensure the performance of the Contract, the Supplier submitsBaank Guaranteeissued by------------ dated .
10.2. The amount of the guarantee shall be5-10% of the total value of the contract, namel-y---------------------
CONTRACT PERFORMANCE BANK GUARANTEE. 29.01 Within 15 days of issue of the Work Order or Letter of Award, whichever is earlier, the Contractor shall submit Contract Performance Bank Guarantee issued by a scheduled Bank, in favour of the “Administrator NESCO Utility”, covering 10% of the total value of the contract. Local MSEs Units located in the state of Odisha having valid registration in D.I.C/NSIC on the date of submission the tender shall submit 5% of the total value of the contract as Contract Performance Bank Guarantee.
29.02 The said Bank Guarantee shall be prepared in the prescribed proforma as attached in Section III, Annexure - III. The Bank Guarantee furnished shall be executed on Non- judicial Stamp paper worth of Rs 100/- (Rupees Hundred only), purchased in the name of the issuing bank, as per the prevalent rules. The Bank Guarantee so provided shall be en-cashable on the Balasore branch of the issuing Bank.
29.03 The Contract Performance Bank Guarantee shall remain valid for a period not less than 90 days over and above the guarantee period, basing on stipulated completion period in the W.O. towards security and acceptance thereof, failing which the work orders (W.O) will be liable for cancellation without any further notice with forfeiture of E.M.D.
29.04 No interest shall be allowed by the NESCO Utility on the above Performance Security Deposit.
CONTRACT PERFORMANCE BANK GUARANTEE. 35.1 Within Fifteen (15) days of the receipt of the notification of award/ Fax of Intent, the successful bidder shall furnish the performance guarantee in accordance with General Conditions of Contract in the form provided in the Bid documents.
35.2 The Contract Performance Bank Guarantee shall be for an amount as defined in General Conditions of Contract (GCC) towards faithful performance of the contractual obligations. This bank guarantee shall be valid for a period of 3 months beyond the expiry of the contract, including the defect liability period.
35.3 Failure of the successful bidder to comply with the requirements of this clause shall constitute sufficient ground for the annulment of the award and forfeiture of the bid security.
CONTRACT PERFORMANCE BANK GUARANTEE. 4.1 Within 30 days of the award of work order, the successful bidder shall furnish the performance guarantee in theform as provided in the Bid documents.
4.2 Within 30 days from the date of issue of individual Kilometer Wise Work Order, the Bidder shall furnish Performance Guarantee in the form of Bank Guarantee to the PURCHASER, for an amount equivalent to 10% of the Order value (Excluding taxes & duties).
4.3 The Contract Performance Bank Guarantee shall be valid for a period of Three (3) Months beyond the expiry of Contract including the defect liability period.
4.4 Failure of the successful bidder to comply with the requirements of this clause shall constitute sufficient ground for the annulment of the award and forfeiture of the bid security.
4.5 In the event that completion of work is delayed beyond the scheduled completion date for any reason whatsoever, the contractor shall have the validity of the Contract Performance Bank Guarantee suitably extended to cover the period of delay.
4.6 The proceeds of the Contract Performance Bank Guarantee shall be payable to the Owner as compensation for any loss or damage resulting from the Contractor’s failure to complete its obligations under the Agreement.
4.7 The Contract Performance Bank Guarantee shall be denominated in the currency of the Agreement and shallbe in one of the following forms:
4.8 A bank guarantee issued by a scheduled / nationalized bank is acceptable to the Owner, in the form provided in the bid documents. The Contract Performance Bank Guarantee will be discharged by the Owner and returned to the Contractor not later than One hundred eighty (180) days following the date of completion of all the Contractor’s performance obligations under the Contract, including any warranty obligations.
4.9 The contractor shall submit a written request for release of Contract performance Bank Guarantee, on successful completion of defect liability period. TENDER DOCUMENT NO: GSL/REPL/002/CP Date: 04/11/2022
5.1 Refer SCC Clause 3.0.
6.1 Transportation of all items covered in the scope of contractor, will be arranged by contractor at his own cost including insurance and storage. Contractor will also be responsible for taking delivery of free issue material from Owner’s store and Transportation to place of work including its coverage for transit insurance.
CONTRACT PERFORMANCE BANK GUARANTEE. 42.1 Within thirty (30) days of the receipt of the work order, the successful bidder shall furnish the performance guarantee in accordance with General Conditions of Contract in the form provided in the Bid documents.
42.2 The Contract Performance Bank Guarantee shall be of 3 % amount of total contract value towards faithful Performance of the contractual obligations and performance of work / equipment, as described form of tender. ANNUAL RATE CONTRACT FOR SUPPLY OF MOTOR DRIVEN CNG COMPRESSOR AT CHURU, MANDI, PAURI XXXXXX (RISHIKESH) & CHAMPAWAT GA
42.3 The Contract Performance Bank Guarantee shall be released within 90 days after the expiry of defect liability period.
42.4 Failure of the successful bidder to comply with the requirements of this clause shall constitute sufficient ground for the annulment of the award and forfeiture of the bid security.
CONTRACT PERFORMANCE BANK GUARANTEE. As per Tender conditions.
CONTRACT PERFORMANCE BANK GUARANTEE. We hereby declare that in case the contract is awarded to us, we shall submit the contract performance bank guarantee as per compliance to the General terms Conditions mentioned in this RFP and Contract document.
