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Tender Guarantee Form

This document is a tender guarantee form that specifies: 1) The financial institution will guarantee payment to the Contracting Authority of the tender amount if the Tenderer does not fulfill its obligations. 2) Payment will be made without objection upon the Contracting Authority's first written claim. 3) The guarantee will be released within 45 days of the expiry of the tender validity period.

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63 views

Tender Guarantee Form

This document is a tender guarantee form that specifies: 1) The financial institution will guarantee payment to the Contracting Authority of the tender amount if the Tenderer does not fulfill its obligations. 2) Payment will be made without objection upon the Contracting Authority's first written claim. 3) The guarantee will be released within 45 days of the expiry of the tender validity period.

Uploaded by

cristiancaluian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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TENDER GUARANTEE FORM

Specimen tender guarantee


< To be completed on paper bearing the letterhead of the financial institution >
For the attention of <Address of the Contracting Authority> referred to below as the Contracting
Authority
<Date>

Title of contract: < Title of contract>


Identification number: <Publication reference>
We, the undersigned, <name and address of financial institution>, hereby irrevocably declare
that we will guarantee as primary obligor, and not merely as a surety on behalf of
<Tenderer's name and address> the payment to the Contracting Authority of <amount of the
tender guarantee>, this amount representing the guarantee referred to in article 11 of the
Procurement Notice.
Payment shall be made without objection or legal proceedings of any kind, upon receipt of
your first written claim (sent by registered letter with confirmation of receipt) if the Tenderer
does not fulfil all obligations stated in its tender. We shall not delay the payment, nor shall
we oppose it for any reason whatsoever. We shall inform you in writing as soon as payment
has been made.
We note that the guarantee will be released at the latest within 45 days of the expiry of the
tender validity period, including any extensions, in accordance with Article 8 of the
Instructions to Tenderers.
The law applicable to this guarantee shall be that of <country of the Contracting Authority/
country in which the financial institution issuing the guarantee is established>. Any dispute
arising out of or in connection with this guarantee shall be referred to the courts of <name of
the country of the Contracting Authority>.
The guarantee will enter into force and take effect from the submission deadline of the
tender.

Name: Position:

Signature: ..

Date:

2006

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