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name:, CMPDI RI RANCHI,, Name of Bank:, State Bank of India;, Branch:, CMPDI Branch;, IFS, C:, SBIN0005598; A, c No:, 30173232805, Address:, CMPDI BRANCH, KANKE ROAD, RANCHI-834008., Such Bank Guarantee should remain valid till 3 months after completion of warranty period of all the equi, pment/items covered in the contract. The release of the Performance Bank Guarantee(s) shall be subject, to satisfactory performance of the equipment/item during the warranty period and fulfilment of contractu, al obligations failing which, action for further extension or encashment of PBG, as deemed suitable shall b, e take. The Bank Guarantee will have to be extended, if required., In case the bidder does not have after sales service support facilities in India and if an undertaking has bee, n submitted along with the offer that in the event of placement of order on them, they will establish the ab, ove facilities in India within the completion period of warranty of the equipment commissioned, then the s, uccessful Bidder shall furnish an additional Performance Guarantee equivalent to 30% of the total value of, the supply order/contract to remain valid for the entire Warranty period + 3 month for entering into AMC, CAMC, if any + additional 3 months for claim period. This 30% PBG shall be released after establishment of, after sales service support facility in India, subject to confirmation of the same by the concerned Head of T, echnical Department. However, the supplier has to submit PBG of 10% of the total contract as stated abov, e. This 10% PBG will be released after satisfactory performance of all equipment/items and fulfilment of co, ntractual obligations including warranty obligations., If, Performance Guarantee, is submitted in the form of ‘Bank Guarantee’ the original instrument thereof shal, l be retained by CMPDI after its relinquishment/absolution and returned only against specific request, afte, r completion of the claim period., In cases where the supplier does not submit the PBG in time or as per the prescribed format in line with th, e contract stipulations, the PBG amount may deducted from the first bill or in case of insufficient amount, f, rom subsequent bill(s) of the supplier till the full PBG amount is deducted. This amount shall be refunded t, o the supplier upon acceptance of PBG submitted by them., 10/14