Common use of Form of Guarantee Clause in Contracts

Form of Guarantee. For use with the General Condition for Contract for Construction Works, Second Edition, 2010 GUARANTOR DETAILS AND DEFINITIONS „‟Guarantor‟‟ means: ............................................................................................................................ Physical address: ................................................................................................................................ „‟Employer‟‟ means: ............................................................................................................................. „‟Contractor‟‟ means: ............................................................................................................................ „‟Engineer‟‟ means: .............................................................................................................................. „‟Works‟‟ means: .................................................................................................................................. „‟Site‟‟ means: ...................................................................................................................................... „‟Contract „‟ means: The Agreement made in terms of the Form of Offer and Acceptance and such amendments or additions to the Contract as may be agreed in writing between the parties. „‟Contract Sum‟‟ means: The accepted amount inclusive of tax of R..................................................... Amount in words:...................................................................................................................... „‟Guaranteed Sum‟‟ means: The maximum aggregate amount of ............................................ Amount in words: .................................................................................................................... „‟Expiry Date‟‟ means: ..............................................................................................................

Form of Guarantee. For use with the General Condition for Contract for Construction Works, Second Edition, 2010 GUARANTOR DETAILS AND DEFINITIONS „‟Guarantor‟‟ ‘’Guarantor’’ means: ............................................................................................................................ Physical address: ................................................................................................................................ „‟Employer‟‟ ‘’Employer’’ means: ............................................................................................................................. „‟Contractor‟‟ ‘’Contractor’’ means: ............................................................................................................................ „‟Engineer‟‟ ‘’Engineer’’ means: .............................................................................................................................. „‟Works‟‟ ‘’Works’’ means: .................................................................................................................................. „‟Site‟‟ ‘’Site’’ means: ...................................................................................................................................... „‟Contract „‟ ‘’Contract ‘’ means: The Agreement made in terms of the Form of Offer and Acceptance and such amendments or additions to the Contract as may be agreed in writing between the parties. „‟Contract Sum‟‟ means: The accepted amount inclusive of tax of R..................................................... Amount in words:...................................................................................................................... „‟Guaranteed Sum‟‟ means: The maximum aggregate amount of ............................................ Amount in words: .................................................................................................................... „‟Expiry Date‟‟ means: ...............................................................................................................

Form of Guarantee. For use with the General Condition for Contract for Construction Works, Second Edition, 2010 GUARANTOR DETAILS AND DEFINITIONS „‟Guarantor‟‟ means: ............................................................................................................................ Physical address: ................................................................................................................................ „‟Employer‟‟ means: ............................................................................................................................. „‟Contractor‟‟ means: ............................................................................................................................ „‟Engineer‟‟ means: .............................................................................................................................. „‟Works‟‟ means: .................................................................................................................................. „‟Site‟‟ means: ...................................................................................................................................... „‟Contract „‟ means: The Agreement made in terms of the Form of Offer and Acceptance and such amendments or additions to the Contract as may be agreed in writing between the parties. „‟Contract Sum‟‟ means: The accepted amount inclusive of tax of R..................................................... Amount in words:...................................................................................................................... „‟Guaranteed Sum‟‟ means: The maximum aggregate amount of ............................................ Amount in words: .................................................................................................................... „‟Expiry Date‟‟ means: ...............................................................................................................