Download Format for Sealed Quotation

Annexure – II
PERFORMANCE SECURITGY FORM
(BANK GUARANTEE FORMAT)
(ON NON-JUDICIAL STAMP PAPER OF Rs.100.00)
Bank Guarantee No.
Dated :
To,
Allahabad Bank
WHEREAS _____________________ (name of the successful Vendor) hereinafter called “supplier” has undertaken,
the pursuance of Purchase Order No._____________ dated ___________ to supply _________________
(Description of Goods and Services) hereinafter called “the order”.
AND WHEREAS it has been stipulated by you in the said order that the supplier shall furnish you with e Bank
Guarantee by a recognized Bank for the sum specified therein as security for compliance with successful bidder’s
performance obligations under the contract.
AND WHEREAS we have agreed to give the Supplier a Guarantee.
THEREFORE WE hereby affirm that we are Guarantors and responsible to you on behalf of the supplier, up to a total
Rs. _________________ (Amount of guarantee in words and figures) and we undertake to pay you, upon your first
written demand declaring the supplier to be a default under the contract and without cavil or argument, any sum or
sum within the limit of Rs. ________________ (Amount of guarantee) as aforesaid, without your needing to prove
or to show grounds or reasons for your demand or the sum specified therein.
This guarantee is valid until ______ day of ___________ 20__.
Signature and seal of Guarantors.
Date :
Address :
Note : 1. Successful bidder should ensure that seal and code no. of the signatory is put by the bankers, before
submission of the bank guarantees.
3.
Stamp paper is required for the bank guarantees issued by the banks located in India.
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