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    Bid Bond14

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    Pramod Sapkota
    This 3 sentence summary provides the key details from the document: The document is a bid bond guarantee letter from Agricultural Development Bank Ltd. to the Rural Water Supply and Sanitation Fund Development Board, guaranteeing a bid submitted by Fine Construction for the construction of public toilets up to 500,000 Nepalese Rupees. The bid bond is valid until 2077/12/26 and will be paid if Fine Construction breaches the bid contract terms regarding bid withdrawal, error correction, or failure to sign the contract or provide performance security if selected.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Bid Bond14

    Uploaded by

    Pramod Sapkota
    23 views1 page
    This 3 sentence summary provides the key details from the document: The document is a bid bond guarantee letter from Agricultural Development Bank Ltd. to the Rural Water Supply and Sanitation Fund Development Board, guaranteeing a bid submitted by Fine Construction for the construction of public toilets up to 500,000 Nepalese Rupees. The bid bond is valid until 2077/12/26 and will be paid if Fine Construction breaches the bid contract terms regarding bid withdrawal, error correction, or failure to sign the contract or provide performance security if selected.

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    bid bond14

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    This 3 sentence summary provides the key details from the document: The document is a bid bond guarantee letter from Agricultural Development Bank Ltd. to the Rural Water Supply and Sanitation Fund Development Board, guaranteeing a bid submitted by Fine Construction for the construction of public toilets up to 500,000 Nepalese Rupees. The bid bond is valid until 2077/12/26 and will be paid if Fine Construction breaches the bid contract terms regarding bid withdrawal, error correction, or failure to sign the contract or provide performance security if selected.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views1 page

    Bid Bond14

    Uploaded by

    Pramod Sapkota
    This 3 sentence summary provides the key details from the document: The document is a bid bond guarantee letter from Agricultural Development Bank Ltd. to the Rural Water Supply and Sanitation Fund Development Board, guaranteeing a bid submitted by Fine Construction for the construction of public toilets up to 500,000 Nepalese Rupees. The bid bond is valid until 2077/12/26 and will be paid if Fine Construction breaches the bid contract terms regarding bid withdrawal, error correction, or failure to sign the contract or provide performance security if selected.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Agricultural Development Bank Ltd.

    ryffiffirffir#*dFffi
    1ftqrq trq ++-ETd ,6, 4rffi {qrqdq-r yrw v+qD

    Ne orsszs5 Branch Office, lnaruwa,sunsari


    Phone No. :- 025-561729
    Email :- [email protected]

    Ref Na" :- 167


    Date :- 2077 /06/27
    Guarantee No. :- BB002A-01 6Z _5429_20
    Beneficiary: -RURAL WATER SUppLy AN D SANTTATTON FUND
    DEVELOPMENT BOARD
    MAHARAJGUNJ KATJMANDU
    Re: ouR BrD BOND No. BBoo23-oL67-s429-20 FoR NRs.5ooooo/_

    we have been infortnecl that FINE CONSTRUCTION,INARUWA 3, suNSARl


    (hereinafter called ,,the
    tsidder") itrtends to sr:bmit its bid (liereir-rafter called "the Bid") to you
    for the executiofr of CONSTRUCTION oF
    PUBLIC TOILETS Contract No. NP+RWSSFDB-I90528-CW-RFB
    Invirarion for Bids (,.the IFB,,) Notice on
    2A77 t06t21

    Furthermore, we understand that, according to your conditions,


    bids must be supported by a bid guarantee.
    At the request of the Bidder, we Agricultural Development Bank Ltd.,
    Branch Office, lnaruwa nerenf
    irrevocably undertake to pay you any sum or sums not exceeding
    in total an amount of Rs. 500000A (ln
    words Rupees Five Hundred rhousand only upon receipt by
    ) us of your il;i ;";;Ji. *riri),g
    accompanied by a written statement stating that the Bidder is in breach
    conditions, because v -- '\-/ under
    of iis obligation(s) - --'gioo"r,
    the bid
    the
    (a) has withdrawn or modifies its Bid during the period of bid
    validity specified by the Bidder in the Form
    of Bid; or
    (b) does not accept the correction of errors in accordance with
    the lnstructions to Bidders (hereinafter
    "the lTB"); or
    (c) having been notified of the acceptance of its Bld by the
    Employer during the period of bid validity, (i)
    fails or refuses to execute the Contract Agreement, or (ii) fails or refuses
    to furnish the performance
    security, in accordance with the lTB.
    (d) is involved in fraud and corruption in accordance with the
    ITB

    This guarantee will remain in force up to and including the da:€ 2a77112126,,g&ler
    the deadline for
    submission of Bids as such deadline is stated in the instructions to Bidders
    o, ,rtrffirry; ;;;ed by
    the Emplover, notice of which extension(s) to the Bank iS L;;i"'- uiliu"O
    Any demand in respect of this guarantee should reach the Bank not
    later than the above date. ,,

    This Bank guarantee shall not be withdrawn or released merely upon return
    guarantee by the Bidder unless notified by you for the release
    of the originat
    of the guarantee.

    This guarantee is subject to the Uniform Rules for Demand Guarantees,


    ICC publication No. 75g

    Copy To:
    M/S FtNE CONSTRUCTTON
    INARUWA 3, SUNSARI

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