Performance Guarantee (PG) definition

Performance Guarantee (PG) means the Bank Guarantee furnished by the Developer, to assure timely and satisfactory completion of a Project by the Developer as per the provisions of Agreement.

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Performance Guarantee (PG) means the Bank Guarantee furnished by the Supplier to Procurer, to assure timely and satisfactory completion of a Project by the Supplier as per the provisions of Tripartite Agreement;

Performance Guarantee (PG) means the Bank Guarantee furnished by the SPD to DISCOM, to assure timely and satisfactory completion of a Project by the SPD as described in the RFP. Please refer to Clause 3.7 of the RFP

Examples of Performance Guarantee (PG) in a sentence

The Letter of Intent (LOI) have been issued to the successful Bidders for submission of Performance Guarantee (PG).
You have to submit a Performance Guarantee (PG) within 30 days from the date of issue of Letter Of Acceptance (LOA).
Performance Guarantee (PG) shall be in the form of irrevocable and unconditional Bank Guarantee on 300 BDT Non-judicial stamp issued by a scheduled bank of Bangladesh or by a foreign bank duly endorsed & authenticated (means Bank Guarantee shall be payable/ en- cashable from the authenticating Bank in Bangladesh) by a scheduled bank of Bangladesh, to make it enforceable pursuant to Rule 27(4) of the Public Procurement Rules, 2008.
Successful Tenderer/s shall have to submit Performance Guarantee (PG) within 30(thirty) days from the date of issue of Letter of Acceptance (LOA).
Money Deposit (EMD) and Performance Guarantee (PG) will be governed by GCC for Services, 2018 and instructions issued by Railway Board from time to time.
Bidders The successful Bidder shall deposit an amount equal to 5% of the awarded value of the work as Performance Guarantee (PG) in the form of irrevocable Bank Guarantee from nationalized / schedule bank in India with validity of 180 days beyond the contract completion period.
The successful bidder shall submit the Performance Guarantee (PG) in any of the following forms, amounting to 5% of the contract value: Rs. 12, 537/- ( b).
The Event Manager will issue a Performance Guarantee (PG) of Rs. 5,00000/- (Rupees five lakhs only) in the form of Bank Guarantee from any commercial bank at the time of signing of this Agreement, to the Ministry which shall remain valid up to 30 days beyond the date of completion of the Agreement.
The successful tenderer shall submit a Performance Guarantee (PG) amounting to 5% i.e. Rs. 49,400/- (Rupees Forty Nine Thousand and Four Hundred only) of the contract value of Rs. 9,86,400/- in the form of an irrevocable bank guarantee or Demand Draft or Cash Deposit receipt drawn in favour of Senior Divisional Finance Manager, Southern Railway, Salem within 30 days from the date of issue of LOA.
You shall have to submit a Performance Guarantee (PG) within 30 days from the date of issue of Letter Of Acceptance (LOA).

More Definitions of Performance Guarantee (PG)

Performance Guarantee (PG) means the Bank Guarantee furnished by the Supplier to Procurer, to assure timely and satisfactory completion of a Project by the Supplier as per Article 8 of this

Performance Guarantee (PG) means the Bank Guarantee furnished by the Successful Bidder to DISCOM, to assure timely and satisfactory completion of a Work by the Successful Bidder as described in the RFP. Please refer to Clause 3.7 of the RFP

Performance Guarantee (PG) means the Bank Guarantee furnished by a successful Bidder for the

Performance Guarantee (PG) means the Bank Guarantee furnished by a successful Bidder for the punctual and due performance of its duties as per terms and conditions of the RFP Vol I & II document.

Performance Guarantee (PG) means the Bank Guarantee furnished by the Developer, to