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1. Parties: Identifies the three key parties: (1) the Bank/Financial Institution issuing the guarantee, (2) the Beneficiary (tender issuing authority), and (3) the Principal (bidder)
2. Reference Details: Specific details of the tender including tender number, date, and project description
3. Guarantee Amount: The specific amount of the guarantee in numbers and words
4. Recitals: Background of the tender and requirement for the guarantee
5. Guarantee Terms: Core terms including conditions for invocation, payment obligations, and bank's commitment
6. Validity Period: Duration of the guarantee including start date and expiry date
7. Claim Procedure: Process and timeframe for making claims under the guarantee
8. Non-Assignment Clause: Prohibition on transfer or assignment of the guarantee
9. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
10. Notice Details: Communication addresses and methods for all parties
1. Extension Clause: Used when there's a possibility of tender evaluation period extending beyond initial validity
2. Counter Guarantee: Required when the guarantee is issued by a bank branch different from the bidder's bank
3. Digital/Electronic Execution: Required for e-tender submissions or when digital execution is permitted
4. Foreign Currency Provisions: Required when the bid bond is issued in foreign currency for international tenders
5. Multiple Beneficiary Clause: Used when there are multiple government agencies/entities as beneficiaries
6. Step-in Rights: Optional clause allowing other banks to step in and honor the guarantee
7. Dispute Resolution: Detailed arbitration clause when preferred over court jurisdiction
1. Schedule 1 - Tender Details: Complete details of the tender including specifications and requirements
2. Schedule 2 - Bank Details: Banking information including IFSC code, branch details, and contact information
3. Schedule 3 - Form of Demand: Prescribed format for making a demand under the guarantee
4. Appendix A - Board Resolution: Copy of board resolution authorizing the bid submission and guarantee
5. Appendix B - Power of Attorney: Authorization documents for signatories
6. Appendix C - KYC Documents: Required KYC documents of the bidder as per banking regulations
Principal
Guarantor
Tender
Bid
Guarantee Amount
Validity Period
Demand
Business Day
Tender Documents
Expiry Date
Contract
Performance Security
Force Majeure Event
Affiliate
Authorized Representative
Claim Notice
Counter Guarantee
Default Event
Electronic Communication
Guaranteed Obligations
Letter of Acceptance
Material Adverse Change
Notice
Project
RBI
Related Party
Security Interest
Tender Closing Date
Working Hours
Payment Terms
Duration and Validity
Demand and Claims
Non-Assignment
Amendment and Variation
Governing Law
Jurisdiction
Force Majeure
Notices
Representations and Warranties
Default Events
Claim Procedure
Discharge and Release
Counter-Indemnity
Stamp Duty
Bank's Rights and Obligations
Beneficiary's Rights
Extension and Renewal
Dispute Resolution
Severability
Entire Agreement
Multiple Counterparts
Compliance with Laws
Costs and Expenses
Waiver
Independence of Guarantee
Regulatory Compliance
Electronic Execution
Confidentiality
Infrastructure & Construction
Defense & Aerospace
Energy & Utilities
Public Sector Undertakings
Transportation & Logistics
Healthcare & Pharmaceuticals
Information Technology
Manufacturing
Telecommunications
Mining & Resources
Real Estate Development
Environmental Services
Legal
Finance
Procurement
Treasury
Risk Management
Commercial
Business Development
Compliance
Project Management
Corporate Secretarial
Procurement Manager
Tender Manager
Legal Counsel
Contract Manager
Bid Manager
Treasury Manager
Chief Financial Officer
Company Secretary
Risk Manager
Project Director
Business Development Manager
Commercial Manager
Banking Relationship Manager
Compliance Officer
Finance Director
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