Common use of Bid Security Form Clause in Contracts

Bid Security Form. ((To be stamped in accordance with Stamp Act, the Non-Judicial Stamp Paper should be in the name of the issuing Bank). For the purpose of verification/confirmation of this Bank Guarantee by the Employer/Purchaser*, the Bank shall indicate 2 official email ids of the authorized signatories from Issuing Branch and also of the designated higher office (Corporate Office, Zonal Office etc)in the covering letter of the Bank forwarding the Bank Guarantee.) Security in figures & words) for which payment well and truly to be made to the

Bid Security Form. ((To be stamped in accordance with Stamp Act, the Non-Judicial Stamp Paper should be in the name of the issuing Bank). For the purpose of verification/confirmation of this Bank Guarantee by the Employer/Purchaser*, the Bank shall indicate 2 official email ids of the authorized signatories from Issuing Branch and also of the designated higher office (Corporate Office, Zonal Office etc)in the covering letter of the Bank forwarding the Bank Guarantee.) Security in figures & words) for which payment well and truly to be made to the)