Examples of Mobilization Advance in a sentence
NOTE: The instruments as listed above will also be acceptable for Guarantees in case of Mobilization Advance.
Bank Guarantee (B.G.) for Advance payment, Mobilization Advance, B.G. for security Deposit-cum- Performance Guarantee, Earnest Money should be executed on the Non- Judicial Stamp paper of the applicable value and to be purchased in the name of the Bank.2. The Executor (Bank authorities) may mention the Power of Attorney No. and date of execution in his/her favour with authorization to sign the documents.
All the Guarantees like Performance Guarantee, Bank Guarantee for Mobilization Advance, Machinery Advance etc.
The instruments as listed above will also be acceptable for Guarantees in case of Mobilization Advance.
Note - The instruments as listed above will also be acceptable for Guarantees in case of Mobilization Advance.
Mobilization Advance shall be paid only on signing of agreement and establishment of site office by bidder.
Neither any Mobilization Advance nor any Secured Advance will be allowed.
However, if the Contract is terminated due to default of the Contractor, the Mobilization Advance and the Equipment Advance shall be deemed to be an interest bearing advance at the base rate of the State Bank of India, as application on the date of such advance payment.
The JREDA will not provide Mobilization Advance and Advance against the security of equipment as provided in Part I - General Conditions of Contract.
The Employer will provide Mobilization Advance and Advance against the security of equipment as provided in Part I General Conditions of Contract.