Examples of Bank Guarantees in a sentence
However, opening of bids will not be stopped for absence of any bidder or his authorized representative at the notified time.Note 3: Service Centres Preferably in three locations at Kolkata, Siliguri and Durgapur Note 4: In case extension required, Bank Guarantees are to be renewed prior to 30 days of their expiry.
If the Termination is on account of failure of the successful bidder to perform the obligations under this RFP contract, the Bank shall have the right to invoke the Performance Bank Guarantee(s) given by the selected bidder.
The Bank Guarantees towards EMD have to be in the name of the Bidding Company / Lead Member of Bidding Consortium.The Bidder shall furnish the Bank Guarantees towards EMD from any of the Banks listed in Annexure-C in favour of MSEDCL.
Bank Guarantees submitted by the tenderers as Earnest Money Deposit (EMD)/Performance Security need to be immediately verified from the issuing bank before its acceptance, through written communication.
Bank Guarantees submitted other than from banks approved by IPR will not be accepted.