Common use of CONTRACT PERFORMANCE GUARANTEE Clause in Contracts

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:

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 of. 2018 Thanking you, we remain, Date Yours faithfully, Place (Signature) (Printed Name) (Designation) (Common Seal) Business Address: Name & Address of Authorized Signatory: