Common use of Contract Performance Security Clause in Contracts

Contract Performance Security. 40.1 Within 15 days of the receipt of the notification of award / Fax of Intent from BCPL, the successful bidder shall furnish the contract performance security in accordance with Clause no 9 of Special Condition of Contract & Article 24 of General Conditions of The Contract in the form provided in the bidding documents. The Contract Performance Security shall be in the form of either Demand Draft or Bank Guarantee or Letter of Credit and shall be in the currency of the Contract.

Appears in 6 contracts

Samples: bcplonline.co.in, bcplonline.co.in, bcplonline.co.in

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