Construction of New PT at village Badhda Tal:Savarkundla, Dist:Amreli

--------- (Name of Contract and brief description of Works) (hereinafter called “The

AND WHEREAS it has been stipulated by you in the said Contract that the

Contractor shall furnish you with a Bank Guarantee by a recognized bank for the sum

specified therein as security for compliance with his obligation in accordance with

AND WHEREAS we have agreed to give the Contractors such a bank Guarantee:

NOW THEREFORE we hereby affirm that we are the Guarantor and responsible to

you on behalf of the Contractor, up to a total of ------------------------------------------

(amount of guarantee) ----------------------------- (in words), such sum being payable in

types and proportions of currencies in which the Contract prices is payable, and we

undertake to pay you, upon your first written demand and without cavil or

argument, any sum or sums within the limits of ----------------------------------------

(amount of guarantee) as aforesaid without your needing to prove or to show

grounds or reasons for your demand for the sum specified therein.

We hereby waive the necessity of your demanding the said debt from the contractor

before presenting is with the demand

We further agree that no change or addition to or other modification of the terms of

the Contract to of the Works to be performed thereunder or of any of the Contract

documents which may be made between your and the Contractor shall in any way

release us from any liability under this guarantee, and we hereby waive notice of any

such charge, addition or modifications.

This guarantee shall be valid until 28 days from the project completion date.

Signature and Seal of the guarantor -----------------------------

• BANK GUARANTEE FOR ADVANCE PAYMENT

In accordance with the provisions of the Conditions of Contract, sub-clause

51.1 (“Advance Payment”) of the above mentioned Contract, -------------------------------

------------------- (name and address of Contractor) (hereinafter called “the

Contractor”) shall deposit with --------------------------------------------------------- (name of

Employer) a bank guarantee his proper and faithful performance under the said

Clause of the Contract in an amount of --------------------------- (amount of Guarantee)* -

We, the---------------------------------- (bank of financial institution), as instructed

by the Contractor, agree unconditionally and irrevocably to guarantee as primary

obligator and not as Surety merely, the payment to ----------------------------------------

(name of Employer) on his first demand without whatsoever right of obligation on

our part and without his first claim to the Contractor, in the amount not exceeding ---

We further agree that no change or addition to or other modifications of the terms of

the Contractor or Works to be performed thereunder or of any of the Contract

documents which may be made between --------------------------------- (name of

Employer) and the Contractor, shall in any way release us from any liability under

this guarantee, and we hereby waive notice of any such change, addition or

This guarantee shall remain valid and in full effect from the date of the

advance payment under the Contract until -------------------------------------- (name of

employer) receives full repayment of the same amount from the contractor.

Signature and Seal

Name of Bank/ Financial Institution

* An amount shall be inserted by that Bank or Financial Institution representing the

amount of the Advance Payment, and denominated in Indian Rupees.