Examples of Payment Guarantee in a sentence
Form for Bid SecuritySection 9– Form for Performance Security Section 10– Form for Advanced Payment Guarantee Section 11 – Contract to be signed, including General Terms and ConditionsAnnex I - Technical instructions to bidders Annex II – BoQsYour offer, comprising of a Technical Bid and Price Schedule, in separate sealed envelopes, should be submitted in accordance with Section 2.
CONDITIONS OF CONTRACT AND CONTRACT FORMS 98SECTION 7: GENERAL CONDITIONS OF CONTRACT 102SECTION 8: SPECIAL CONDITIONS OF CONTRACT 116SECTION 9: APPENDICES 125Appendix A – Terms of Reference 125Appendix B - Key Experts 125Appendix C – Breakdown of Contract Price 125Appendix D - Form of Advance Payment Guarantee 125SECTION 10.
The seller may request either of the following: Prompt Payment Guarantee: A guarantee up to the amount of three amortized annual installments plus the cost of any related real estate taxes and insurance.
Further, for release of any advance payment, requisite securities including Advance Payment Guarantee, as the case may be, to be furnished by the Contract as specified in the Contract and accepted by the Employer, shall also be a condition precedent.
The Advance Payment Guarantee shall be denominated in the proportion and currencies named in the form of foreign currency requirements.