CONTRACT PERFORMANCE GUARANTEE. 3.5.1 The Performance Guarantee furnished under this Agreement shall be for guaranteeing the commencement and continuity of the supply of power up to the Contracted Capacity within the time specified in this Agreement.
CONTRACT PERFORMANCE GUARANTEE. 21.1 As security for the timely fulfillment of the obligations assumed by the Concession Holder under the present Contract, the Concession Holder shall post a guarantee in the amount of US$10 million, which shall be kept in effect throughout the term of the Concession and updated in accordance with the Producer Price Index for Finished Goods, Seasonally Adjusted – Total, published monthly by the Bureau of Labor Statistics of the United States Department of Labor. The posting of this guarantee may not be invoked by the Concession Holder as a means of limiting or avoiding the complete fulfillment of all of the obligations assumed by the Concession Holder under the present Contract. The issuing bank and the terms on which the guarantee is issued and/or renewed must be approved by the Office of the Head of the Cabinet. The aforementioned guarantee may be renewable for successive periods of no less than two years, such renewal to occur no less than 60 days in advance of each expiration date.
CONTRACT PERFORMANCE GUARANTEE. We further agree that if our proposal is accepted, we shall provide a Contract Performance Guarantee of value, equivalent to ten percent (10%) of the Contract Price as stipulated in Bid document in the form of Bank Guarantee (Please specify the form of guarantee) in your favour within 15 (Fifteen) days from the date of placement of Letter of Award. Dated..................this.................day of. 2018 Thanking you, we remain, Date Yours faithfully, Place (Signature) (Printed Name) (Designation) (Common Seal) Business Address: Name & Address of Authorized Signatory: Annexure - II Eligibility Criteria
CONTRACT PERFORMANCE GUARANTEE. We further agree that if our proposal is accepted, we shall provide a Contract Performance Guarantee of value, equivalent to ten percent (10%) of the Contract Price as stipulated in Bid document in the form of Bank Guarantee (Please specify the form of guarantee) in your favour within 30 (Thirty ) days from the date of placement of Letter of Award. Dated..................this.................day of 2019 Thanking you, we remain, Date Yours faithfully, Place (Signature) (Printed Name) (Designation) _ (Common Seal) _ Business Address: Name & Address of Authorized Signatory: Annexure - II Eligibility Criteria X.Xx Pre-qualification Criteria Supporting Compliance documents 1 The Bids shall be submitted only by the bidder, no consortium is allowed in the bid A certified document by the Authorized Signatory 2 The bidder preferably be a CERT -In empanelled established Information Technology firm/ company/ management consulting firm registered under the Indian Companies Act, 1956 or a partnership firm registered under LLP Act, 2008 and in operation for at least 5 years as on 31.03.2019 and shall have their registered office in India. Valid documentary proof of Certificate of Inc orporation, Certificate of Commencement, Certificate consequent to change of name, if applicable. 3 The bidder should have at least one office in West Bengal or they should establish office in West Bengal within 30 days of placement of order. Address / Self Declaration.
CONTRACT PERFORMANCE GUARANTEE. 14.1. The Service Provider undertakes to constitute the contract performance guarantee representing 10 % of the contract value, i.e. the amount of........................lei (XXX), within 5 working days from the date of signing The performance guarantee related to the contract will have a validity period comprised between the date of its issuance of this contract and the conclusion date of the project’s certificate of acceptance.
CONTRACT PERFORMANCE GUARANTEE. 17.1. The CONCESSIONAIRE shall provide, and shall maintain, throughout the entire term of the CONCESSION, in accordance with Article 56 of Federal Law no. 8.666/93, a CONTRACT PERFORMANCE GUARANTEE in favor of the STATE, to be provided as follows: Concession Year Value of the Guarantee (R$) Years 1 to 5 266.977.600,00 00.000.000,00 00.000.000,00 000.000.000,00 Years 6 to 00 000.000.000,00 00.000.000,00 00.000.000,00 000.000.000,00 Years 11 to 00 000.000.000,00 00.000.000,00 00.000.000,00 000.000.000,00 Years 16 to 00 00.000.000,00 00.000.000,00 00.000.000,00 00.000.000,00 Years 21 to 00 00.000.000,00 0.000.000,00 0.000.000,00 00.000.000,00 Years 26 to 00 00.000.000,00 0.000.000,00 0.000.000,00 00.000.000,00 Years 31 to 00 000.000.000,00 00.000.000,00 00.000.000,00 000.000.000,00
CONTRACT PERFORMANCE GUARANTEE. 3.1 On signing of this agreement, the Commitment Guarantee (CG) provided by the Purchaser prior to issue of Letter of Assurance (LOA) shall stand converted into the Contract Performance Guarantee (CPG) for an amount computed as per the following formula: Contract Performance Guarantee (CPG) = [Annual Contracted Quantity] multiplied by [6% of the Notified Price of Source Grade of Coal prevalent on the date of deposit].
CONTRACT PERFORMANCE GUARANTEE. 37.1 As a Contract Performance Security, the successful Bidder, to whom the work is awarded, shall be required to furnish a Performance Guarantee from (a) a Public Sector Bank or b) a Scheduled Indian Bank, in the form attached as Annexure-II to this Vol.I in favour of the owner. The guarantee amount shall be equivalent to 5% of contract price in Notice Inviting Tender and it shall guarantee the faithful performance of the Contract in accordance with the terms and conditions specified in these documents and specifications. The guarantee shall be valid up to 90 days after the end of Warranty Period.
CONTRACT PERFORMANCE GUARANTEE. The contractor shall furnish Contract Performance Guarantee(s) for the proper fulfillment of the contract in the prescribed form within thirty(30) days of ―Notice of Award of Contract‖. The performance guarantee(s) shall be as per terms prescribed in Section INB, Conditions of Contract Vol.
CONTRACT PERFORMANCE GUARANTEE. 11.1 Within 15 days of receipt of letter of award from the owner, the successful Bidder, to whom the work is awarded, shall be required to furnish a Performance Guarantee from a Nationalised Bank, in the form attached in Annexure-VI in favour of the Owner.
