Common use of Performance Bank Guarantee Clause in Contracts

Performance Bank Guarantee. A. The vendor has agreed to furnish the ‘Performance Bank Guarantee’@2% of assessed base rate of requirement for the item with minimum of Rs 10,000 per group of item and maximum of Rs

Performance Bank Guarantee. A. The vendor has agreed to furnish the ‘Performance Bank Guarantee’@2% of assessed base rate of requirement for the item with minimum of Rs 10,000 per group of item and maximum of RsRs 5.00 lakh for which the Tenderer has been selected as supplier.

Performance Bank Guarantee. A. The vendor has agreed to furnish the ‘Performance Bank Guarantee’@2% of assessed base rate of requirement for the item with minimum of Rs 10,000 per group of item and maximum of Rsfor which the Tenderer has been selected as supplier.