Performance Bank Guarantee (PBG). 2.5.1. The Performance Bank Guarantee furnished under this Agreement shall be for guaranteeing the successful commissioning of the Project for power up to the Contracted Capacity within the time specified in this Agreement.
Performance Bank Guarantee (PBG). 19.1 Contractor shall stand guarantee to the work for a period of 6 months from the date of installation of outfitting items as mentioned in the scope of work.
Performance Bank Guarantee (PBG). (a) The licensee shall, for due and punctual performance of its obligations hereunder relating to the Project, deliver to EDMC, simultaneously with the execution of this Agreement, a bank guarantee from a scheduled bank, (“Peformance Security”) for a sum of Rs. 5,00,00,000/- (Rupees Five Crores Only).
Performance Bank Guarantee (PBG). (a) The Concessionaire shall, for due and punctual performance of its obligations hereunder relating to the SLF, deliver to MCS, simultaneously with the execution of this Agreement, a bank guarantee from a scheduled bank in the form as set out in Schedule 7, (“Performance Security”) for a sum of Rs. 1.0 Crores only.
Performance Bank Guarantee (PBG). (a) The Successful bidder shall submit PBG of value equivalent to value 3% of the of the completed work and validity covering the guarantee period of the completed work against invoice in lieu of 3% payment retention valid for 12 months +one-month claim period on completion of the contract in the payment terms to avail 100% payment or to release the 3% retained payment against respective invoice.
Performance Bank Guarantee (PBG). 11.1 Bidders selected by P&ED based on this RfS shall submit Performance Bank Guarantee for a value @ INR 7.50 lakh/ MW within 30 days of issuance of Letter of Intent (LoI) or before signing of PPA, whichever is earlier. It may be noted that successful Bidders shall submit the Performance Bank Guarantee according to the Format 7.3 B for a value @ INR 7.50 lakh/ MW with a validity period from the date of submission of the PBG until 21 months from the Effective Date of the PPA. On receipt and after successful verification of the total Performance Bank Guarantee in the acceptable form, the BG submitted towards EMD shall be returned by P&ED to the successful Bidder. Non submission of PBG within the above timelines shall be treated as follows:
Performance Bank Guarantee (PBG). 19.1 The work should be guaranteed for the period of 12 months Post inspection clearance on board each yard.
Performance Bank Guarantee (PBG). 19.1. The successful bidder has to submit Performance Bank Guarantee for 3% value of each invoice, excluding Taxes, Duties, etc. (or alternatively 3% amount of each invoice may be retained as mentioned in clause 15.1) towards guarantee requirement as per clause 18. The PBG shall be valid for a period of 12 months plus one-month claim period from the date of completion of work as per WDC. PBG should be submitted from the list of banks approved by SBI/ Canara bank published on MDL website. Bidders to advise their bank/banker to send PBG directly to commercial department to dispense with additional step of verification of authenticity of signatories. No change/modification in the text of the prescribed format of the BG is permissible TWO BID E-TENDER 8000001045 RATE CONTRACT FOR SERVICES OF FABRICATION OF STRAIGHT TYPE DECK/BULKHEAD FITTINGS FOR PROJECT P17A
Performance Bank Guarantee (PBG). Authorised Local Chemist shall have to furnish Performance Bank Guarantee valid for 6 month beyond empanelment (i.e. for 2 yrs 6 months) of signing of MoA to ensure efficient services, safeguard against any default and recovery if any:-
Performance Bank Guarantee (PBG). Not Applicable in This Tender. 20.
