Performance Bank Guarantee (PBG) definition

Performance Bank Guarantee (PBG) means the deposit made in the form and manner specified in this document by the contractor towards satisfactory performance of the stores/plant supplied.
View Source
Performance Bank Guarantee (PBG) means monetary guarantee to be furnished by the successful tenderer for due performance of the terms of contract.
View Source
Performance Bank Guarantee (PBG) means any Bank Guarantee (PBG) furnished by the solar power developer to the DISCOM as per the terms of the RFS and as per the format specified in Schedule 4 of this Agreement, to assure timely and satisfactory completion of the Project by the SPD.
View Source

Examples of Performance Bank Guarantee (PBG) in a sentence

  • In case of failure to achieve this milestone, GUVNL shall encash the Performance Bank Guarantee (PBG) in the following manner.

  • In the event of such termination of licence, the amount equivalent to Performance Bank Guarantee (PBG) shall be recovered by encashing the PBG and money so recovered shall be forfeited.

  • In case of failure to achieve this milestone, GUVNL shall encash the Performance Bank Guarantee (PBG) on per day basis and proportionate to the balance Capacity not commissioned.

  • This Agreement is intended to bind and inure to the benefit of and be enforceable by Employee, the Company and their respective heirs, successors and assigns, except that Employee may not assign his rights or delegate his duties or obligations hereunder without the prior written consent of the Company.

  • Failure of the supplier to submit the above-mentioned Performance Security / Performance Bank Guarantee (PBG) shall constitute sufficient grounds for the annulment of the award and forfeiture of the Bid Security.


More Definitions of Performance Bank Guarantee (PBG)

Performance Bank Guarantee (PBG) means the deposit made in the form and manner specified in this document by the Successful Bidder towards satisfactory performance of services mentioned in the scope of services / work.
View Source
Performance Bank Guarantee (PBG) means the Bank Guarantee (PBG) furnished by the SPD to DISCOM, to assure timely and satisfactory completion of a Project by the SPD as described in the RfS.
View Source
Performance Bank Guarantee (PBG) means the deposit made in the
View Source
Performance Bank Guarantee (PBG) means Bank Guarantee of 10% of Work Order value required to be submitted by the Contractor after completion/installation of the work(s)
View Source
Performance Bank Guarantee (PBG). / “Performance Security” shall mean the amount to be paid by the Successful Bidder as per Clause 2.30 of RFP.
View Source
Performance Bank Guarantee (PBG) means the deposit made in the form and
View Source
Performance Bank Guarantee (PBG) means any Bank Guarantee (PBG) furnished by the Mini Hydel Project Developer to DISCOM as per the terms of the RfS and as per format specified in SCHEDULE 4 of this PPA, to assure timely and satisfactory completion of a Project by the Developer
View Source