Format of Bank Guarantee for Faithful Performance of Contract - Free Download
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Format of Bank Guarantee for Faithful Performance of Contract
Format of Bank Guarantee for Faithful Performance of Contract
FORMAT OF BANK GUARANTEE FOR FAITHFUL PERFORMANCE OF CONTRACT
(Covering Delivery obligations)
NOTE:
1. This guarantee should be furnished by a Nationalised Bank / Scheduled Bank, except The Bank
of China as per the following format.
2. This bank guarantee should be furnished on stamp paper value as per Stamp Act. (at present not
less than Rs. 80./-)
3. The stamp paper should have been purchased either in the Name of the Bank executing the
Guarantee or in the name of NLC.
4. This Bank Guarantee should be furnished within 60 days from the date of purchase order or the
delivery period prescribed in the purchase order whichever is earlier.
5. In the case of foreign seller, the bank guarantee may be furnished by an international reputed
bank having their branch in India.
6. This Bank Guarantee should be directly sent to the Purchaser by the issuing Bank under RPAD.
To
THE HEAD OF UNIT,
MATERIALS MANAGEMENT COMPLEX,
NEYVELI LIGNITE CORPORATION LTD,
NEYVELI-607 807, CUDDALORE DISTRICT,
TAMILNADU, INDIA.
Dear Sirs,
Pursuant to a purchase order No………………..with M/s. ………………………………………...
concluded with you on …………………………(P.O. date) the aforementioned firm undertook to deliver
the following:
S.No. Description Qty. Value
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