Jurisdiction of Court. 17.1 Courts at Delhi alone shall have the jurisdiction to decide any dispute arising out of or in respect of this contract. Attachment V Sample Form of Bid Security (Bank Guarantee) [Guarantor letterhead or SWIFT identifier code] Beneficiary: [Insert name and address of the Employer] Invitation for Bids No: _[Insert reference number for the Invitation for Bids/ RFB No. ] Date:[Insert date of issue] BID GUARANTEE No.:[Insert guarantee reference number] Guarantor: _[Insert name and address of place of issue, unless indicated in the letterhead] We have been informed that [insert name of the Bidder, which in the case of a joint venture shall be the name of the joint venture (whether legally constituted or prospective) or the names of all members thereof] (hereinafter called "the Applicant") has submitted or will submit to the Beneficiary its bid (hereinafter called "the Bid") for the execution of [insert description of contract] under Invitation for Bids No. [insert number] (“the IFB/ RFB”). Furthermore, we understand that, according to the Beneficiary’s conditions, bids must be supported by a bid guarantee. At the request of the Applicant, we, as Guarantor, hereby irrevocably undertake to pay the Beneficiary any sum or sums not exceeding in total an amount of [insert amount in letters] (insert amount in numbers) upon receipt by us of the Beneficiary’s complying supported by the Beneficiary’s statement, whether in the demand itself or a separate signed document accompanying or identifying the demand, stating either that the Applicant:
Appears in 5 contracts
Samples: sicom.nic.in, sicom.nic.in, sicom.nic.in
