Common use of INDEMNITY BOND Clause in Contracts

INDEMNITY BOND. The contractors shall be required to execute an Indemnity Bond for satisfactory performance of entire project, on a stamp paper of value of Rs.100/- in the format approved by NRDA. This Indemnity Bond shall remain in force for a period of 36 months from certified date of completion of the work.

INDEMNITY BOND. The contractors contractor shall be required require to execute an Indemnity Bond for satisfactory performance of the entire project, project on a stamp Stamp paper of appropriate value of Rs.100/- in the format approved by NRDAthe CIDCO Limited. This Indemnity Bond shall remain in force for a period of 36 months from Five (5) years after certified date of completion of the workproject.