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Get Revised Model Form Of Bank Guarantee Bond - Wr Indianrailways Gov
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How to fill out the REVISED MODEL FORM OF BANK GUARANTEE BOND - Wr Indianrailways Gov online
Filling out the revised model form of bank guarantee bond for Indian Railways is an essential process for individuals or organizations looking to submit a tender. This guide provides clear and detailed instructions on how to complete the form accurately and efficiently, ensuring compliance with all requirements.
Follow the steps to fill out the bank guarantee bond form correctly.
- Press the ‘Get Form’ button to obtain the document and open it for editing.
- Begin by filling in the name of the tenderer in the designated space where it states ‘the said Tenderer(s)’. Ensure that the information matches the official name used in the tender application.
- Input the date of the tender in the field next to ‘tender dated’ to specify when the tender was issued.
- Describe the tender by including the specific project or purpose for which the guarantee is being provided in the section labeled ‘the said Tender’.
- Enter the number of days the offer will be kept open from the opening date in the field ‘for a period of _____________ days’.
- State the amount of the earnest money in both numerical and written formats in the fields indicated for ‘Rs._________ (Rupees ____________________________only)’.
- Confirm the name of the bank providing the guarantee in the specified section where it says ‘We, _______________________________, further agree...’.
- Indicate the date of execution of the guarantee in the section labeled ‘Dated the ______________ day of _________20___’.
- Sign the document on behalf of the bank, including the official bank name at the bottom where it states ‘For _______________________________ Bank Ltd.’.
- Review all completed sections for accuracy, then save changes, download, print, or share the completed form as required.
Ensure you complete your documents online with confidence and accuracy.
While a performance bond usually entitles the creditor to payment upon the simple presentation of a demand, a guarantee depends upon the liability of the primary debtor, and payment under the guarantee may be delayed until the existence of the liability is established in Court.
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