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Get Warranty Bond Template
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How to fill out the WARRANTY BOND TEMPLATE online
Filling out the Warranty Bond Template online is an essential process for contractors seeking to ensure compliance with procurement requirements. This guide will walk you through each step, ensuring clarity and ease in completing the necessary information.
Follow the steps to complete the Warranty Bond Template online.
- Click the ‘Get Form’ button to obtain the Warranty Bond Template and open it in your online document editor.
- In the ‘Subject of Bond’ field, enter the specific subject related to your bond. This often pertains to the contract or project being secured.
- Fill in the ‘NSPA Contract No’ and ‘Warranty Bond No’ fields with the appropriate contract and bond numbers, ensuring accuracy to avoid processing issues.
- Provide the name and contact details of the bank in the designated area, as they will act as surety for the bond.
- Next, input the amount of the bond. This should generally be 5% of the total purchase order amount, entered in the ‘Currency and Amount’ section.
- Include the contractor’s name and contact details in the specified section, clearly identifying the party responsible for fulfilling the obligations.
- Review the guarantees offered by the bank, ensuring you understand the terms of obligation, particularly regarding payment requests and conditions of non-fulfillment.
- Complete the form by entering the NSPA’s bank account details as well as the date in the format specified. Ensure all details are correct.
- In the signature section, have the responsible bank officials sign and print their names and titles accurately.
- Finally, review the entire document for any errors. Once confirmed, you can save changes, download, print, or share the completed Warranty Bond Template.
Complete the Warranty Bond Template online to ensure compliance and secure your contract obligation with ease.
Upon acceptance, a Warranty Bond shall be required either by Retention Money or Warranty Bond equivalent to 10% of the Total Contract Price.
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