TENDER SECURITY FORM. Whereas [name of the tenderer] (hereinafter called “the tenderer”) has submitted its tender dated …………. [date of submission of tender] for the supply, installation and commissioning of ……………………[name and/or description of the equipment] (hereinafter called “the Tender”) ……………………………………….. KNOW ALL PEOPLE by these presents that WE ……………………… of ………………………. having our registered office at ………………… (hereinafter called “the Bank”), are bound unto …………….. [name of Procuring entity} (hereinafter called “the Procuring entity”) in the sum of …………………….. for which payment well and truly to be made to the said Procuring entity, the Bank binds itself, its successors, and assigns by these presents. Sealed with the Common Seal of the said Bank this day of 20 . THE CONDITIONS of this obligation are:-
TENDER SECURITY FORM. When required by the tender documents the tender shall provide the tender security either in the form included herein or in another format acceptable to the procuring entity.
TENDER SECURITY FORM. Whereas [name of the tenderer] (hereinafter called “the tenderer”) has submitted its tender dated …………. [date of submission of tender] for the supply, installation and commissioning of ……………………[name and/or description of the equipment] (hereinafter called “the Tender”) ……………………………………….. KNOW ALL PEOPLE by these presents that WE ……………………… of ………………………. having our registered office at ………………… (hereinafter called “the Bank”), are bound unto …………….. [name of Technical University of Mombasa} (hereinafter called “the Technical University of Mombasa”) in the sum of …………………….. for which payment well and truly to be made to the said Technical University of Mombasa, the Bank binds itself, its successors, and assigns by these presents. Sealed with the Common Seal of the said Bank this day of 20 . THE CONDITIONS of this obligation are:-
TENDER SECURITY FORM. Whereas [name of Bidder] (hereinafter called <the tenderer> has submitted its bid dated [date of submission of bid] for the provision of insurance services (hereinafter called <the tender? KNOW ALL PEOPLE by these presents that WE [name of bank] of [name of country], having our registered office at [name of procuring entity] (hereinafter called <the procuring entity> in the sum of [state the amount] for which payment well and truly to be made to the said procuring entity, the Bank binds itself, its successors, and assigns by these presents. Sealed with the Common Seal of the said Bank this day of 20 THE CONDITIONS of this obligation are:-
TENDER SECURITY FORM. Whereas [name of the tenderer] (hereinafter called “the tenderer”)has submitted its tender dated… [date of submission of tender ] for the provision of ……………………………………………….. [name and/or description of the services] (hereinafter called “the Tenderer”)…………………………………………………………………………… KNOW ALL PEOPLE by these presents that WE……………………………………… Of having registered office at [name of XXX](hereinafter called “the Bank”)are bound unto………………….. [name of XXX](hereinafter called “the KRA”) in the sum of ……………………. for which payment well and truly to be made to the said KRA, the Bank binds itself, its successors, and assigns by these presents. Sealed with the Common Seal of the said Bank this day of 20 . THE CONDITIONS of this obligation are: 1. If the tenderer withdraws its Tender during the period of tender validity specified by the tenderer on the Tender Form; or 2. If the tenderer, having been notified of the acceptance of its Tender by the KRA during the period of tender validity: (a) fails or refuses to execute the Contract Form, if required; or (b) fails or refuses to furnish the performance security, in accordance with the instructions to tenderers; we undertake to pay to the KRA up to the above amount upon receipt of its first written demand, without the KRA having to substantiate its demand, provided that in its demand the KRA will note that the amount claimed by it is due to it, owing to the occurrence of one or both of the two conditions, specifying the occurred condition or conditions. This guarantee will remain in force up to and including thirty (30) days after the period of tender validity, and any demand in respect thereof should reach the Bank not later than the above date. [signature of the bank] (Amend accordingly if provided by Insurance Company) Performance Security Form To: ……………………………. [Name of procuring entity]
